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Bid deadline set for Riyadh technology park

Local contractors are to submit bids for packages valued at over SR5bn ($1.3bn) by 22 February for a technology business park in Riyadh.

Three packages are being issued for tender by the client, the Public Pensions Agency (PPA). They cover four high-rise towers and a number of ancillary buildings; housing; and a convention centre and hotel. In total the packages will involve the construction of 21 buildings.

The local contractors who have been invited to bid include Saudi Binladin Group, Saudi Oger, El-Seif Engineering & Contracting Company and Al-Redwan Trading & Contracting.

The Information Technology & Community Complex (ITCC) will be located in the Nakheel district of Riyadh. It is the kingdom's first dedicated IT park and is part of the country's effort to diversify its economy.

The ITCC is being developed in two phases. The first phase covers 500,000 square metres and will be developed over five years. It will be a gated community featuring offices, a library, a research and development complex, a sports club, and housing for staff working at companies based in the park. Phase two will cover a further 300,000 sq m (MEED 7:11:08).

Source: MEED