Prince Saud bin Naif bin Abdulaziz, Emir of the Eastern Province, today opened the "Hafr Al-Batin Investment Forum 2025", organized by the Hafr Al-Batin Chamber of Commerce with support from the Federation of Saudi Chambers. The forum saw the signing of seven investment agreements worth SAR 17 billion in strategic sectors that help boost the governorate's economic development, in the presence of Prince Abdulrahman bin Abdullah bin Faisal, Governor of Hafr Al-Batin, and a number of local and international officials and investors.

Boosting Investment and Competitiveness:

Prince Saud praised the competitive advantages enjoyed by Hafr Al-Batin governorate, affirming that it is an ideal investment destination given its strategic location and the significant leadership support for developing infrastructure and boosting investment opportunities. He said the forum aims to highlight the promising opportunities in the governorate and attract more local and foreign investment, contributing to achieving the goals of Saudi Vision 2030.

Major Agreements and Notable Projects:

The forum saw the signing of investment agreements across multiple sectors including agriculture, livestock, health, infrastructure and logistics services. Projects were announced aimed at raising the local content ratio and boosting investment flows. The forum also coincided with the Eastern Province Development Authority launching a comprehensive master plan for Hafr Al-Batin targeting SAR 47 billion in investment and more than 60,000 job opportunities for the governorate's residents.

An International Platform and Economic Recommendations:

24 government and private entities from 12 countries took part in the forum, with participants discussing across four dialogue sessions the key investment opportunities and regulations incentivizing foreign and local capital. A comprehensive economic study of Hafr Al-Batin governorate was also announced, including future strategies to boost its competitiveness locally and internationally.

Praise and Private-Sector Support:

Hassan bin Mejib Al-Huwaizi, chairman of the Federation of Saudi Chambers, affirmed that Saudi Vision 2030 is the driving force taking the Saudi economy to global standing, praising the Hafr Al-Batin Chamber's role in strengthening the local economy and attracting international investment. For his part, Hafr Al-Batin Chamber Chairman Salman bin Hassan Al-Aqeel said the forum represents a turning point in the governorate's development journey, having highlighted vital sectors such as agriculture, logistics services and health.