RIYADH: Riyadh Region Municipality is offering 38 investment opportunities for investors in resident units, community centers, and gardens, according to the Saudi Press Agency.
The opportunities will cover an area of over 397,000 sq. m, with contracts raging from five to 25 years.
The move is aimed at strengthening partnerships with the private sector, enabling them to participate in the economic development of the city, improving urban living, and contributing to the Kingdom's Vision 2030.
The Municipality stated that three of these investment opportunities cover a total area of 48,162 sq. m with a term of 25 years, spread across Mahdia, Al-Munsiyah, and Al-Rabie.
As well as three other opportunities in the residential and commercial fields totaling 2,607 sq. m The contracts last between 15 and 25 years and are distributed in the neighborhoods of Cordoba, Casablanca, and Deira.
Three opportunities are also available in community centers with a total area of 5,014 sq. m, with 15-year contracts, located in the gardens of Seville, Al-Olaya, and Al Manhal.
There are also two kiosks with a total area of 37 sq. m and a term of 10 years for sale.
There is one opportunity in self-selling distributed across 20 sites within the secretariat's sites with a five-year contract, located across several areas, according to the Municipality.
As well as 12 investment opportunities to construct car parks covering 46,863 sq. m and with ten-year contracts.
The investment opportunities also included 14 industrial opportunities on a total area of 295,310 sq. m, for a period of 20 years, located in the neighborhoods east of Ramah Road, Al-Khair neighborhood.
Riyadh Municipality is in charge of developing Riyadh and achieving sustainable development of the region with an integrated national perspective.