The local Al-Rayadah Investment Company (RIC) has extended the deadline for bids for an infrastructure contract for a housing project in Jizan.

The contract will involve providing infrastructure for the whole development, which covers a total area of about 1.6 million square metres. The new submission deadline for bids is 20 March.

RIC is currently reviewing bids for residential apartment buildings at its 2.4 million-square-metre, mixed-use residential project in the Obhur district of Jeddah. The contract will involve building more than 80 residential buildings and other facilities, such as retail units.

In January 2012, 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 250 residential apartment buildings, 1,200 villas, a five-star hotel, a hospital, clinics, mosques, a commercial district, schools and municipal buildings. The development is scheduled to house about 10,000 people by the time it is completed.

RIC is becoming an increasingly major player in the kingdom’s construction sector. One of the largest developments it is currently executing is the King Abdullah Financial District (KAFD) project in Riyadh.