EOI Issued for Sikkah Al Hadid Joint Development Project in Al Madinah
The Al Madinah Regional Municipality, in partnership with the Ministry of Municipalities and Housing and the National Center for Privatization & PPP (NCP), has announced the commencement of the Expression of Interest (EOI) and Request for Qualification (RFQ) phase for the Sikkah Al Hadid Joint Development Project in Al Madinah Al Munawarah, Saudi Arabia.
A Vision for Al Madinah’s Future
The Sikkah Al Hadid project is set to transform an 84,657-square-meter government-owned site west of Al Madinah Al Munawarah into an integrated mixed-use facility.
The site’s strategic location and flexible zoning, permitting buildings up to 20 floors, combined with excellent road network connectivity, ensure easy access for residents and visitors.
Key Components of the Development
The private sector will be fully responsible for designing, constructing, operating, and maintaining the mixed-use development, which includes:
- A shopping mall featuring fashion retailers and food and beverage outlets.
- Entertainment facilities.
- A medical facility accommodating approximately 200 inpatient beds, outpatient clinics, multi-specialty services, and ancillary facilities.
The contract type will be Build – Own – Operate – Transfer (BOOT) with a duration of 30 years. The deadline for submitting EOI and RFQ is from January 20, 2025, to March 2, 2025.
Strategic Significance
The development will also synergize with adjacent residential projects by the National Housing Company (NHC), supporting the surrounding community while catering to a growing population within a 5-kilometer radius.
Opportunities for the Private Sector
This project presents a significant opportunity for private sector entities to contribute to the urban development of Al Madinah Al Munawarah.
By participating in the design, construction, operation, and maintenance of this mixed-use development, private partners can play a pivotal role in enhancing the city’s infrastructure and services.
Submission Details
Interested parties are invited to submit their Expressions of Interest and Requests for Qualification between January 20, 2025, and March 2, 2025.
Detailed information regarding submission procedures and requirements can be found on the official websites of the Al Madinah Regional Municipality and the National Center for Privatization & PPP.
A Step Towards Sustainable Urban Development
The Sikkah Al Hadid Joint Development Project represents a significant step towards sustainable urban development in Al Madinah Al Munawarah.
By integrating commercial, entertainment, and healthcare facilities, the project aims to create a vibrant community hub that meets the diverse needs of residents and visitors alike.
Looking Ahead
As Al Madinah Al Munawarah continues to grow and evolve, projects like Sikkah Al Hadid play a crucial role in shaping the city’s future.
Through strategic investment, partnerships and innovative development, the city is poised to enhance its infrastructure, services, and overall quality of life for its inhabitants.