(Khobar Pulse)

What is the name of the company implementing the Khobar Pulse project?
Nabd Al Madinah Real Estate Development Company (a wholly owned subsidiary of Al-Muhaidib Group).

Which entity offered the investment opportunity via the Furas portal?
Eastern Province Municipality – Al Khobar Municipality.

What is the project type?
Investment competition.

What is the total project area?
The project area is 50,000 square meters.

What is the current project status?
90% completed (final delivery in Q4 2026).

What is the project duration?
25 years.

What is the main sector or activity of the project?
Multi-use cultural.

Can you provide a brief overview of the project?
The project involves the establishment of a comprehensive and integrated cultural center, which will serve as a cultural incubator for talents in the cultural sector, in collaboration with the Ministry of Culture. It is considered one of the key projects that will play an important role in stimulating economic activity by supporting cultural, tourism, entertainment, and commercial activities.
In addition, it contributes to creating job opportunities and enhancing the level of services to achieve quality of life objectives in the Eastern Province. It also supports the nomination file of Al Khobar City to be ranked among the top 100 cities globally in terms of quality of life.

Are the opportunities offered via the “Furas” portal attractive for application?
We believe that the opportunities offered through the “Furas” portal are attractive for investment in terms of their diversity and suitability, achieving reasonable investment feasibility, and we look forward to expanding our partnerships in the future. Our experience with the portal has also been excellent; prior to contracting, we observed ease in searching for suitable opportunities within our investment portfolio, with filtering options by region and entity. After contracting, it was distinguished by easy access to information related to contracts and invoices, supporting efficient follow-up and operations management.