63 Saudi and international firms vie to undertake Alkhobar’s corniche project

63 Saudi and international firms vie to undertake Alkhobar’s corniche project

The Eastern Province municipality has attracted 63 local, regional and international firms to develop the first project under the "Opportunity, land and loan“ initiative at Alkhobar corniche.

A municipality spokesman, Muhammad Al-Sufyan, said the initiative comes in cooperation with the Finance Ministry and the National Center for Privatization at a cost of SR800 million to develop 65,000 sq. meters.

He said the project aims to revitalize and diversify the Kingdom's economy by promoting tourism, entertainment and other related commercial activities. Al-Sufyan said it will also create job opportunities for