Tender to be issued for US$8 billion Housing PPP Project in Saudi Arabia

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Tender to be issued for US$8 billion Housing PPP Project in Saudi Arabia

Saudi Arabia’s Neom has prepared to issue the Request for Proposals (RFP) for a contract to develop the second wave of its public-private partnership (PPP) housing deals for worker accommodation in Tabuk, Saudi Arabia.

The second-phase community village initiative encompasses the development of up to 20 villages, each consisting of approximately 10,000 accommodation units. The budget for each village is anticipated to range from US$400 million to US$450 million, resulting in a total project value exceeding US$8 billion. Each village boasts a built-up area of 240,000 square meters. Additionally, agreements are in place to construct ten more communities across Neom, accommodating an additional 95,000 residents upon the completion of the project's initial phase.

To meet temporary accommodation needs during Neom's construction period, sustainable relocatable modular units are being built, designed for repurposing once the communities are no longer necessary. The communities will feature various amenities, including multi-purpose sports fields, cricket ovals, tennis courts, volleyball courts, basketball courts, swimming pools, and entertainment venues. UK-headquartered consultancy Deloitte and US firm Aecom are advising the client on the housing PPP transactions.

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