Buqayq Municipality signs 52 investment contracts worth 63 million riyals
The municipality of Buqayq Governorate achieved a significant leap in municipal investment during 2025, successfully concluding 52 investment contracts through the municipal investment portal "Furas" (Opportunities), with a total value exceeding 63 million riyals. This step comes as a culmination of the municipality's ongoing efforts to diversify revenue streams and strengthen partnerships with the private sector, serving the governorate's developmental aspirations.
Diverse investment opportunities and targeted sectors
The signed contracts encompassed a wide range of activities that meet the growing needs of the local market in Buqayq, with the municipality focusing on offering carefully considered investment opportunities. These contracts included the establishment and operation of advanced logistics zones, modern warehouses, and worker accommodation complexes, in addition to land transport projects. The municipality also addressed the commercial and recreational aspects, with contracts including the development of shopping centers and high-quality markets that will contribute to enhancing the services provided to residents and visitors.
The strategic importance of Buqayq Governorate
These investments are of particular importance given the strategic geographic location of Abqaiq in the Eastern Province. Abqaiq is not just an ordinary province; it is a significant oil and industrial hub and a vital link connecting Dammam, Al-Ahsa, and neighboring Gulf countries via a network of regional and major roads. This prime location makes it a fertile ground for logistical and industrial investments, enhancing the chances of success for proposed projects and making it an attractive destination for national capital.
Alignment with the Kingdom's Vision 2030
These investment initiatives are perfectly aligned with the goals of Saudi Vision 2030, which aims to empower the private sector and increase its contribution to the GDP, as well as improve the urban landscape and enhance the quality of life in Saudi cities. The use of the "Fursah" platform demonstrates the municipal sector's commitment to digital transformation and transparency in tendering processes, streamlining the investor journey and increasing the attractiveness of the investment environment in the provinces.
A future vision and continuous development
Commenting on this achievement, the Mayor of Buqayq Governorate, Engineer Mohammed Al-Dhafeeri, affirmed that the signing of these contracts is an extension of strategic plans aimed at attracting high-quality projects that reflect Buqayq's economic standing. He explained that these opportunities are offered based on a thorough analysis of the economic situation and market needs, emphasizing the municipality's commitment to continuing to offer more opportunities that achieve sustainable development and support the local economy, directly benefiting citizens and residents of the governorate.
