Saudi Arabia’s State Properties General Authority (SPGA) has invited prequalification bids from leading project developers and investors for a major transit-oriented development (TOD) project to be developed on a 167,000-sq-m area in Makkah city.

 

To be developed in co-operation with the Royal Commission for Makkah and Al-Masha’ir Holy, the mixed-use project will feature a bus station, a range of retail outlets as well as a 400-key four-star hotel property.

 

It will be coming up on a plot in Al Hajlah district, located 300 m from the Grand Mosque and adjacent to the Makkah Clock Tower, said the statement from SPGA.

 

The land would be provided on a lease basis for a 25-year period with the private sector responsible for design, development and operation of the project, it stated.

 

The deadline for submitting the bids has been set at December 1, the statement added.-TradeArabia News Service