National Center for Privatization and PPP in Saudi Arabia on behalf of Aِl Madinah Region Municipality has launched a request for expression of interest (RFEOI) seeking private partner for real estate project under the Joint Development Agreement (JDA) framework. The project site is in the Al-Naqa district, Medina. The JDA is a public-private partnership (PPP) between the developer and Madinah Region Municipality where the plots in the site are handed to the Developer for a fixed concession period to develop them into commercial real estate properties in order to generate revenues. Madinah Region Municipality will conduct a competitive bidding process to select a developer or developer consortium to undertake the Project.

The development project envisages the development, operations, and maintenance of hospitality (hotel) and retail assets in one land plot with a total area of ( 3,550 square meters ) located in the heart of Al Madinah.

The deadline to submit the interest is February 14, 2021. You can find more information about this RFEOI on our business opportunity page here.