Saudi Rayadah invites pre qualification bids for Obhor

Rayadah Investment Company, the investment arm of the Public Pension Agency to pre qualify to bid for rough grading and infrastructure work on the Jeddah Housing Project.

RIC is the developer on the project which is a mixed use development in the Obhor district of Jeddah in Saudi Arabia and covers 2.5 million square feet. It will comprise 259 residential units, 727 villas, a five star hotel, a hospital, clinics, mosques, a commercial district, schools and municipal buildings.

Firms have been asked to fill out the pre qualification form available on the RIC Procurement & Contracts Department website and submit required documents by July 1st 2012. The design work is ongoing at the moment. The project is scheduled for an expected start date of around Q3 2012. It is slated for completion by Q1 2015.