Al Othaim Investment Co. announced signing an investment cooperation agreement with Jazan Municipality to set up an integrated project on the waterfront, King Fahd Road.
The agreement falls within the framework of the qualitative investment projects launched by the municipality in cooperation with the private sector.
The agreement includes the establishment of an integrated investment project in the Middle Corniche area, spread over 168,000 square meters.
The project aims to support shopping and entertainment services by establishing a mixed-use complex with modern with attractive facilities, world-class restaurants and cafes, in addition to a modern hotel on the Red Sea coast, to be equipped with the best standards to bolster the contribution of the private sector in supporting leisure and tourism activities.
Moreover, the project will provide more job opportunities for Saudi youth, in support of the state's efforts in the Saudization of jobs in all fields in the public and private sectors.
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