National Center for Privatization & PPP (NCP) announced that Al Madinah Regional Municipality, in collaboration with the Ministry of Municipalities and Housing (MOMAH), launched the Expressions of Interest (EOI) and Request for Qualification (RFQ) and Request for Proposal (RFP) phase for the Joint Development Project in Sikkah Al Hadid to be executed under a Public-Private Partnerships (PPP) model through Build-Own-Operate-Transfer (BOOT) contracts with a duration of 50 years.

Sikkah Al Hadid project will 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. 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-km radius.

Local and international investors, financial institutions, and operators are invited to visit the NCP website to review further information and details of the project. The final date for application submission is June 23, 2026. Interested investors may apply for the project through the Furas platform by clicking this link.