Saudi Arabia has invited bids from investors for a waterfront development project in the Eastern port of Al-Khobar, a local newspaper said on Thursday.

The project involves the construction of a shopping mall, amusement facilities, restaurants, and a hotel, the Arabic language daily Aliqtisadia said.

The Eastern region's municipality has asked investors to submit "applications of interest" for the project, the report said.

A number of applicants will then be pre-qualified to bid for the project before Jan 2, it said, adding that a company or a consortium of firms would be selected.

(Writing by Nadim Kawach; Editing by Anoop Menon)


Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020