Al Hogail says 15 initiatives 'under study' to create investment, financing opportunities

Majed Al Hogail, Saudi Minister of Municipal, Rural Affairs and Housing

Majed Al Hogail, Saudi Minister of Municipal, Rural Affairs and Housing, said that there are 15 pivotal initiatives being studied by the sub-committees of the Advisory Committee for Investment in the Municipal Sector, led by a group of businessmen.
 

Al-Hogail added, in a tweet that these initiatives are aimed to create investment and financing opportunities that help raise the contribution of the private sector to the development of cities.
 

Among the key initiatives are coming up with products that bolster the attractiveness of investments offered by the municipal sector, in integration with development funds, and mechanisms for developing and operating parks in partnership with the private sector. These initiatives also aim to provide incentives to attract investments to less developed cities, according to the minister.