{"id":94055,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/eastern-province-lines-up-sar-600-bn-in-new-projects\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"eastern-province-lines-up-sar-600-bn-in-new-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/eastern-province-lines-up-sar-600-bn-in-new-projects\/","title":{"rendered":"Eastern Province lines up SAR 600 bn in new projects"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> <\/strong><strong>The Eastern Province inked investment agreements worth SAR 600 <\/strong><strong>bn<\/strong> in a bid to boost the region\u2019s economy and develop the local tourism, health, marine, and manufacturing sectors, state news agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2254784\" style=\"\" rel=\"noopener\">SPA<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The agreements include:<\/strong><\/p>\n<ul>\n<li><strong>Developing an entertainment and tourism city<\/strong> at Dammam\u2019s Saihat Lake;<\/li>\n<li><strong>Developing green spaces and walkways across <\/strong>a 625k sqm area;<\/li>\n<li><strong>Establishing a specialized center for mental health and addiction<\/strong> in Khobar;<\/li>\n<li><strong>Upgrading infrastructure at a 2.4 mn sqm area <\/strong>in Dammam Industrial City.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we don\u2019t know:<\/strong> The agreements were signed with a group of unnamed local and Thai contractors. No additional details were provided on the investment breakdown on a per-project basis, or timelines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Eastern Province is on an investment spree: <\/strong>The Hafar Al Batin Investment Forum <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaf6cd94-8c78-41b0-a931-a13ac3f3817c\/hafar-al-batin-investment-forum-sees-sar-17-bn-in-agreements\" style=\"\" rel=\"noopener\">last<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/eaf6cd94-8c78-41b0-a931-a13ac3f3817c\/hafar-al-batin-investment-forum-sees-sar-17-bn-in-agreements\" style=\"\" rel=\"noopener\">month<\/a> saw the signing of seven agreements worth a total of SAR 17 bn across key sectors. This came as the Eastern Province Development Authority launched an integrated investment plan targeting SAR 47 bn in inward investments, contributing SAR 11 bn to GDP and creating 60k new jobs in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Local and Thai contractors were tapped for the projects<\/p>\n","protected":false},"author":1,"featured_media":94056,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[49,10,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-eastern-province","tag-enterpriseam-ksa","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"6dda8532-62a4-4c80-9789-0c063555e738","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/268.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Eastern Province lines up SAR 600 bn in new projects","related_issue":[94045],"teaser":"Local and Thai contractors were tapped for the projects","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.a520337b-39f8-46c4-8f92-23aacebe3fab.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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