The local Al-Rayadah Investment Company has received prequalification entries for an infrastructure package on a 2.4 million square metre mixed-use residential project in the Obhur district of Jeddah, Saudi Arabia.

Al-Rayadah has received prequalification entries for the infrastructure package on the residential scheme and is planning to issue tender documents for the contract by July, according to the local news sources.

In January, the local office of KEO International was awarded a contract to provide project management services for the design and construction on the Obhur scheme, which will include 240 residential towers, 1,200 villas, a five-star hotel, hospital, clinics, mosques, commercial district, schools and municipal buildings.

The client, Al-Rayadah Investment Company, is becoming an increasingly major player in the kingdom’s construction sector. One of the largest developments that it is currently executing is the King Abdullah Financial District (KAFD) project in Riyadh.