Riyadh: The Eastern Region Municipality of Saudi Arabia concluded 14 investment and development contracts and memoranda of understanding (MoUs), with a total implementation cost exceeding SAR 5 billion, during its participation in the Cityscape Global 2025 exhibition in Riyadh.
According to Bahrain News Agency, Fahad Al Jubeir, Mayor of the Eastern Region, sponsored the signing of various investment contracts for key development projects, including agreements to establish and develop sites for itinerant vendor incubators.
An investment contract was also signed with Digital Centres for Data and Telecommunications Company (center3), a subsidiary of stc Group, for the establishment of digital data centres. The project is expected to support digital transformation and enhance the technical infrastructure necessary for smart cities.
The projects, agreements, and contracts are a continuation of the municipality's efforts to attract local, Gulf, and global investment.