The successful PM/CM contractor will oversee the municipality's plans for major investments in infrastructure development, including the construction of roads, bridges, culverts, stormwater drainage, utilities and related facilities.

The tender was originally issued in early summer, with three companies - Bechteland Turner Construction International, both of the US, and Fluor - being invited to bid. The tender was subsequently withdrawn as it did not attract any response from the invitees.

Under the new tender, companies have been invited to submit prices for a three-year PM/CM contract, with an option for an additional two years.

The Red Sea city is fast emerging as a centre for real estate investment in the kingdom, with both the government and the private sector planning major schemes (MEED 23:9:05).

JM has recently introduced major changes in the buildings regulation code, including lifting the ceiling on the maximum height of high-rises.