RIYADH: Saudi Arabia is witnessing surging development in the municipal sector as part of the Kingdom’s Vision 2030, Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail has said.
The ministry continues to launch numerous innovative initiatives and projects related to the quality of life of citizens, residents and visitors.
Al-Hogail was attending the launch ceremony of the 2022 Invest in Al-Jouf forum, held under the patronage of Prince Faisal bin Nawaf bin Abdulaziz, governor of Al-Jouf, on Sunday.
This event was organized by Al-Jouf’s municipality to showcase the region’s municipal investment opportunities to investors.
“The 2022 Al-Jouf Investment Forum is a platform for building relations, sharing ideas, showcasing the region’s investment opportunities and drawing the map of future opportunities,” Al-Hogail said.
“More than 500 diverse investment opportunities were presented, targeting investors of all categories through various activities. The forum will lead to the establishment of numerous partnerships and the signing of memorandums of understanding, which will achieve the goals of the development projects, provide jobs and contribute to the region’s prosperity.
“The ministry has also facilitated the investment procedures through the Municipal Investment Portal, Furas,” he added.
The Invest in Al-Jouf forum comes as part of the sector’s keenness to host platforms to draw investors and present opportunities to improve quality of life in Saudi cities.