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.

The mixed-use project, being developed in co-operation with the Royal Commission for Makkah and Al-Masha’ir Holy, will feature a bus station, retail and shopping 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 lease basis for a 25-year period with the private sector responsible for design, development and operation of the project, it added.

Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).