Mecca Al-Mukarramah launches the first investment map with an opportunity package in 14 areas

Makkah Al-Mukarramah Mayor Muhammad Al-Quwaihes revealed a map of municipal investment opportunities in the city to improve economic mobility and attract creative and serious internal and external capital to serve its residents and seasons, addressing the existence of an estimated number of opportunities in several areas, including waste treatment and recycling, which he hoped would attract investment Avenue to achieve “Zero Waste” in Makkah Al-Mukarramah.

And he indicated during a session held yesterday, Thursday, at the headquarters of the Chamber of Commerce and Industry in Mecca Al-Mukarramah, in the presence of some members of the Board of Directors of the Chamber, businessmen and interested parties, that the investment in the municipal sector is the base facility for the launch of this city, and this was a starting point for the Secretariat’s enthusiasm to restructure the General Investment Administration, and to inventory the Investment Opportunities and Opportunities sites and launch them. from routine investments to institutional ones, and the idea was centered on creating a strategic relationship between the trust and the investor who needs support, improving trust services and facilitating his work, so it was the service center for investors and developers. To some investors, it was a “door of opportunity”.

Al-Quwais explained that Mecca Al-Mukarramah offers promising investment opportunities in various fields, indicating that offering important investment opportunities for businessmen and investors is part of the effort of the Municipality of the Holy Capital to revitalize the economic movement in Mecca Al-Mukarramah, help improve the quality of life and provide multiple options for the people and visitors of Mecca Al Mukarramah.

The municipality of Mecca has presented a package of ready-made investment opportunities in 14 different areas, including hospitals, roads, kindergartens, public parks and others, in different locations in Mecca and with different areas, including opportunities for the production of Vision 2030 and other opportunities to meet the wishes and demands of investors and the results of the overall plan of the city and its needs, including tourism, culture and leisure, transportation and logistics, health and science, technology and communications, industry, mining and housing. .

For his part, the deputy chairman of the board of directors of the Mecca Chamber of Commerce and chairman of the industry committee, Nayef Mishaal Al-Zaydi, explained that the launch of the map of investment opportunities in Mecca is an event awaited by the business sector. , in how much will benefit the overall economy of the Kingdom, the economy of Mecca and its future, indicating that entities with relevance have been placed in act several frameworks and regulations to facilitate the attraction of foreign investment, engage the private sector and motivate to activate its national role, increase its contribution to gross domestic product, as well as increase the share of foreign direct investment, and also many foreign capital they awaited the opportunities available in the Holy Capital, being the highest demand and the most return and safe for the investor.

He said: “The data confirms that the Kingdom Vision 2030 will appeal to five million pilgrims and 30 million pilgrims, and signs of success have begun to emerge with the launch of the Royal Commission for Mecca and the Holy Places and the introduction. of the start of the season of Umra from the month of Safar to Muharram, and this is a real sign of entering the joints of the vision, which underlines the need to attract foreign investment, involve the private sector and motivate it to activate its national role , raise its contribution to GDP to 65% and raise the share of foreign direct investment in GDP to 5.7%.

In turn, a member of the board of directors of the Mecca Chamber of Commerce Al-Mukarramah and chairman of the investment committee, Shaker bin Assaf Al-Sharif, revealed that the rate of contraction of the non-oil private sector has reached 4. %, which is one of the indications of the size of the negative impact on economic activities in general during the Corona period, indicating that GDP During regular seasons, the city of Mecca reaches 168 billion riyals, while spending on Hajj and Umrah is 87 billion riyals, noting that the contribution of the Hajj and Umrah sector to the product gross inland of the city of Mecca reaches 51%.

He said the committee has been working for years with the Holy City Council on an interactive map of investment opportunities in the municipal sector, in order to determine the quality of the opportunity and its added value for the city of Makkah Al-Mukarramah Di. which.

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