The Eastern Region Municipality, Saudi Arabia announced that it has awarded a project to establish a fully integrated model industrial city in Dammam covering an area of 2.4 million square meters, including the infrastructure and services in industrial zones across the region.
The city will house a range of light industries and manufacturing facilities, as well as worker accommodations and various support services.
The project is expected to bring about an important shift in the region by accelerating development, optimizing costs, increasing revenues, involving the private sector in development, and supporting local contribution with zero government capital, thus reducing the budget burden.
The project aligns with the Eastern Region’s contribution to Saudi Vision 2030 goals; it will boost the region’s economy and industrial production, create job opportunities for local residents, and improve the quality of life.
According to the municipality, it has offered over 400 permanent and temporary investment opportunities in various cities and governorates of the Eastern Region. It has also cataloged more than 20,000 investment assets covering an area exceeding 116 million square meters, which represent a substantial investment in the region.
The municipality aims make available 5,000 investment opportunities by the end of 2026 and to utilize over 90% of its investment assets.
