The National Center for Privatization and PPP in Saudi Arabia has launched a request for expression of interest (RFEOI) seeking a private partner for the Car Park Construction and Management Project in Al Olaya District, Riyadh Project on a Build-Operate-Transfer (BOT) basis.

The scope of the project involves :

• Improvement, operations, and maintenance of the [4,174] on-street parking spaces.
• Development, operations, and maintenance of [2,529] new multi-storeyed off-street parking spaces at [13] plots owned by the Alriyadh Municipality, which are located in the Project area. (25%) of the off-street parking, the Built-u area will be allocated for commercial developments.
• Introducing technology-oriented parking management, payment services, and control enforcement mechanisms.
• Decreasing traffic congestion, reduce illegal parking, and minimize loss of time spent commuting to find a parking space.
• Optimizing the monetization of Municipal land use.

The deadline to submit the interest is August 03, 2020. You can find more information about this RFEOI on our business opportunity page here.