Opportunities Terminology

Companies granted by the State the right of franchise to produce or distribute a good or service.

The announced price at which the competent committee deems it appropriate to open the Open Public Auction.

Engaging a specialized expertise house to attract investors from inside and outside the Kingdom and motivate them to invest, in exchange for an agreed percentage, in accordance with the Controls.

A percentage of the annual investment return that the Municipality stipulates as an increase to that return every five years. It is specified in the terms and specifications booklet when announcing the competition.

Objectives beyond the project's own goals, extending to supporting local residents through employment, medical care, welfare, education, rehabilitation, and training.

Objectives beyond the project's own goals, extending to supporting development, enhancing the surrounding area, and improving the environment.

Objectives beyond the project's own goals, extending to the support of ancillary and associated investments and encouraging the creation of an investment-oriented direction.

A project that adds distinctive value to the city or governorate and requires special financial and technical capability and expertise.

An investment project based on an innovative idea registered under a patent or intellectual property rights, which achieves an investment, developmental, or social objective at the regional or governorate level.

A project that contributes to sustainable development in a specific field or activity, and delivers investment, developmental, or social value — whether through investment, employment, technology, or environmental service — at the regional or governorate level, or one that positions the city or governorate as a destination.