Saudi encourages private sector’s role in urban development

Saudi Arabia’s Ministry of Municipal, Rural Affairs, and Housing is studying 15 initiatives to create investment and financing opportunities to help raise the contribution of the private sector in the development of cities.

The key initiatives include coming up with products that bolster the attractiveness of investments offered by the municipal sector and mechanisms for developing and operating parks in partnership with the private sector. These initiatives also aim to provide incentives to attract investments to less developed cities.

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