Ashraq Development Company is the development arm of the Eastern Province Municipality in Saudi Arabia, established in 2021 to support the objectives of Vision 2030, particularly municipal-sector privatization and regional development. The company focuses on urban development, municipal asset management and municipal services, seeking to unlock the value of municipal assets through strategic partnerships with private companies and investors. Its activities are aimed at improving municipal services, attracting investment, supporting local businesses and employment, and enhancing the quality of life across the Eastern Province. Ashraq also emphasizes financially and environmentally sustainable development, incorporating innovative solutions, energy-efficient technologies and smart systems into its projects.