10/03/2019
The Committee of Real Estate and Urban Development in Asharqia Chamber hosted the Director General of the General Department for Investment Development, Hamdan Al-Aradi, as he reviewed the importance of strengthening cooperation with the business sector to discuss the challenges and develop the mechanism of action in the real estate sector in the region.
Al-Aradi, during the meeting that held recently at the headquarter of the Chamber and managed by the Chairman of the Committee Engineer Hamid bin Hamri, reviewed a number of investment opportunities.
He noted that the region has a number of features, notably the large area enjoyed by the diversity of population, in addition to the advantages of tourist attractions and the distinction of investments and large projects as a major economic area.
Al-Aradi said that the administration is starting from its mission, which emphasizes the upgrading of investment management mechanisms, provides excellent services through planning investment programs, snd the application of best practices for international standards and contribute to the cultural renaissance of the eastern region.
Al-Aradi put forward a number of projects that will be part of partnerships with the private sector and will make a quantum leap for the region that are including a race track and a tourist village on the Half Moon Beach, a spectacular recreational project on the waterfront of the city of Khobar, smart containers, the establishment of a new garage "secondhand products" market with modern specifications, and smart parkings.
