Ashraq Development Company, the development arm of the Eastern Province Municipality, has launched an investment opportunity for commercial-use land in Dammam’s Al Shulah district, as part of its efforts to boost public-private partnerships in line with the objectives of Saudi Vision 2030 and promote sustainable economic development across the Eastern Province.
Based on a 37-year flexible lease contract that follows a leasing and revenue sharing model, the investment opportunity fulfills Ashraq’s strategic mission of developing world-class, mixed-use projects that upgrade the quality of life for residents and visitors and enable economic diversification, while creating long-term value for investors and the city.
Primely located in Dammam’s Al Shulah district, the 39,671.47 sqm land is suitable for mixed-use activities, offering investors an ideal opportunity to build state-of-the-art projects that meet market needs while aligning with the latest urban development trends.
Through this initiative, Ashraq aims to create a sustainable impact that drives economic development, bolsters optimum utilization of municipal assets, and uplifts the quality of urban lifestyle and landscape.
Interested parties can review key details about the investment opportunity and submit their tenders via the Furas platform.
