Madinah Municipality has launched two investment opportunities through the Saudi cities’ investment portal, Furas, for the establishment, operation, and maintenance of a public park and a warehouse to expand private sector participation in urban development.
The first opportunity involves the development of a public park on Prince Mohammed bin Abdulaziz Road in the Wadi Mahzur neighborhood. The project covers more than 21,000 square meters under a 25-year investment contract.
According to the municipality, the site is located in a densely populated area with a range of surrounding commercial activities and good transport access.
Investors will be permitted to use up to 25 percent of the total project area for commercial, educational, healthcare, and sports facilities to support the project’s long-term operations.
The second investment opportunity covers the establishment, operation, and maintenance of a warehouse on Al-Hakam bin Uyaynah Road in the Abu Markha neighborhood.
The project spans 12,530 square meters under a 20-year investment contract and includes a grace period of up to 19 months.
The warehouse project is intended to support logistics services by providing facilities that improve supply chain operations and strengthen investment in the logistics sector.
Madinah Municipality stated that the projects form part of its program to improve the investment environment and increase the utilization of municipal assets.
The initiatives also support the objectives of Saudi Vision 2030 to advance urban development, improve logistics infrastructure, and enhance quality of life.
The municipality has invited interested investors to review the opportunities and submit applications through the Furas investment portal.
