The Hafar Al-Batin Investment Forum saw seven agreements worth a total SAR 17 bn signed across key sectors, Mubasher reports. The forum comes hand-in-hand with the launch of the Eastern Province Development Authority’s integrated investment plan for the governorate, which looks to reel in SAR 47 bn in investments, contribute SAR 11 bn to GDP, and create 60k new jobs in the region, Al Aqeel said.

The event saw the unveiling of a SAR 9 bn livestock city that is set to be the largest in the region, SPA reported. The project will be developed through a Saudi-Chinese partnership, Chairman of the Board of Directors of the Hafar Al Batin Chamber Salman bin Hassan Al Aqeel said to AlArabiya, without disclosing additional details.

What we know so far: The city will include livestock pens, a veterinary hospital, feed factories, and other facilities, spanning over 11 mn sqm. The project is set to meet 30% of the Kingdom’s requirements for red meat, creating over 13k jobs, and will be powered by renewable energy. The integrated livestock hub aims to produce 140k liters of milk daily and 100 tonnes of animal feed per hour.

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