(FRONT BAY – Standard Beach)

What is the name of the company implementing the Standard Beach project?
Wajhat Al-Bahr 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 100,000 square meters.

What is the current project status?
98% completed (final delivery in Q3 2026).

What is the project duration?
25 years.

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

Can you provide a brief overview of the project?
Front Bay is considered the first standard beach in the Kingdom on Al Khobar Corniche, extending over 1 kilometer with an area of up to 100,000 square meters. It includes 4 multi-use zones comprising restaurants and cafés, and it is the first beach of its kind to implement Blue Flag standards.

Objectives:
Develop a local and international tourist destination to attract visitors to the Kingdom and enhance quality of life.

Innovations:
Implementation of Blue Flag standards, including global technical and environmental requirements aligned with the Kingdom’s directions.

Sustainability:
Enhancing quality of life and sustainability, achieving Vision 2030 targets, supporting environmental safety, promoting recreational and tourism activities, and improving quality of life elements.

Economic Impact:
A gateway to a prosperous future, contributing to the economic growth of the Eastern Province and the Kingdom, with positive impacts on local and regional levels.

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.