بالبلدي: أمير الشرقية يدشن إطلاق شركة «أشراق للتنمية والتطوير»

Prince Saud bin Naif bin Abdulaziz, the Emir of the Eastern Province, inaugurated today (Wednesday) the launch of "Ishraq for Development and Investment," a company affiliated with the Eastern Province Municipality, in the presence of the Deputy Emir of the Eastern Province, Prince Saud bin Bandar bin Abdulaziz, the Minister of Municipal and Rural Affairs and Housing, Majid bin Abdullah Al-Hoqail, and the Minister of Investment, Fahd bin Abduljalil Al-Saif, at the Dhahran Expo.

The Emir of the Eastern Province emphasized that the region, with its economic and tourism components and strategic location, makes it an important economic gateway to several regional markets, providing it with vast potential to develop projects and destinations across various sectors, and to benefit from its natural and economic assets, which supports the diversification of economic and tourism activities, enhances its investment attractiveness, and increases the efficiency of utilizing the available assets and resources.

The Secretary of the Eastern Province and Chairman of the Board of Directors of "Ishraq for Development and Investment," Fahd bin Mohammed Al-Jubair, delivered a speech in which he confirmed that the launch of the company represents an important step towards developing the investment system in municipal assets in the Eastern Province and transforming them into sustainable developmental and investment opportunities, pointing out that the announced projects reflect the diversity of available opportunities and the region's ability to attract investors and developers in various sectors.

Al-Jubair also confirmed, "We are working through Ishraq to build an investment model that enhances the value of municipal assets and allows the private sector to actively participate in developing quality projects and destinations that contribute to the development of cities in the Eastern Province, improve the quality of life, and enhance their competitiveness and attractiveness for investment."

The ceremony witnessed the laying of the foundation stone for the "Rixos Half Moon" resort, enabled and funded by the Tourism Development Fund, in partnership with the Saudi French Bank, alongside the announcement of several strategic investment projects and opportunities to develop municipal assets and attract investments in the Eastern Province.

Among the most notable projects is "Khobar Pier" for developing an integrated tourism and entertainment destination, and the "Golf District at Half Moon Beach" project, which is part of the trend towards developing integrated destinations and communities that benefit from the region's natural and tourism components, in addition to the "Outdoor Advertising on Municipal Assets" project, which aims to develop, manage, and invest in advertising sites according to modern models that enhance the efficiency of the assets, thereby boosting their investment and opening new opportunities for the private sector.