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EoIs invited for Madinah hospitality, retail assets development
MADINAH, January 25, 2021 Madinah Municipality has invited expressions of interest from leading investors for the Central Area Plot Development Project in Al Naqaa neighbourhood within the Saudi city on a BOT (build-operate-transfer) basis. The scope of work includes construction, operation and maintenance of hospitality and retail assets on a 3,550 sq m area. The municipality said the project, which is located on the south/southwest side of the Makkah mosque, will be offered in two phases: the first for qualification of applicants and the second for qualified developers, consortiums or consortium developers to bid for the project and also for establishment of both, a hotel and a retail area.