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 build-operate-transfer basis, it has announced. According to a statement from the municipality, the scope of work includes construction, operation and maintenance of hospitality and retail assets on a 3,550 sqm area. Additionally, this is the third PPP initiative to be launched in the municipal sector under the Saudi privatisation programme. The Municipality also noted that the project, which is located on the southwest side of the Makkah mosque, will be offered in two phases: the first for qualification of applican
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