Bids have been invited for several projects in the Eastern Region in the health, tourism and farming sectors.
A large specialised hospital and a medical city in the Eastern port of Khobar, cafes and restaurants on the Khobar Corniche, an agriculture nursery in the city, an entertainment centre and horse stables in nearby Dammam, and other projects have been launched by the Eastern Region Secretariat. The projects are part of plans to attract local and foreign investment to develop the Eastern side of the Kingdom.
“These projects are part of nearly 230 investment opportunities which have either been presented to investors or will be announced in the near future”
“These projects are part of nearly 230 investment opportunities which have either been presented to investors or will be announced in the near future…several incentives are offered to investors to facilitate the implementation of the projects, including lower bank guarantee and a tax exemption for 10% of the contract’s period,” a statement from the Eastern Region Secretariat said.