Local property developer Dar al-Arkan Real Estate Development Company has invited companies to submit bids by early October for the main construction package on the proposed Al-Qasr mixed-use development at Suwaidi, south of Riyadh. Estimated to be worth at least SR 1,500 million ($400 million), the contract will involve the construction of: 3,800 low-rise apartments; 200 villas; a three-level shopping mall over 210,000 square metres; four schools; and mosques and clinics. The project will be built over an area of 816,000 square metres (MEED 10:6:05).
Prospective bidders for the contract, all local, include Saudi Oger, Almabani General Contractors, El-Seif Engineering Contracting Establishment, Saudi Turais Company, Yamama Construction, Ahmed al-Harafi Companyand a team of Al-Sakhra al-Arabiawith Manazel for Construction. On-site construction work is scheduled to start by late 2006 and will take two years to complete. The successful contractor will also rehabilitate and upgrade the Suwaidi park, located adjacent to the proposed development. The Al-Sakhra/Manazel team has completed the infrastructure and site levelling works for the project. The masterplan has been prepared by the local Alnaim; Beirut-based Dar al-Handasah (Shair & Partners) has carried out the final designs. The Al-Qasr development is part of a SR 3,000 million ($800 million) investment programme launched by Dar al-Arkan in the kingdom.
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