PROJECTS: Saudi Arabia announces car park PPP in Riyadh – ZAWYA

PROJECTS: Saudi Arabia announces car park PPP in Riyadh – ZAWYA

PROJECTS: Saudi Arabia announces car park PPP in Riyadh | ZAWYA MENA Edition HomeProjectsArticlePROJECTS: Saudi Arabia announces car park PPP in Riyadh Project by Riyadh Municipality seeks to develop 6,703 existing and new parking spaces in Al Olaya retail and commercial hub    High Angle View Of Car ParkSaudi Arabia's Riyadh Municipality has invited expressions of interest for a car park construction and management project to be implemented in Al Olaya District, a major commercial and retail hub in Riyadh, under a public-private partnership (PPP) scheme.The Municipality said in a press statement on Monday that the project would be developed in partnership with the private sector under a profit-sharing Build - Operate - Transfer (BOT) model and is the first privatisation project to be launched in the municipal sector.It said the project site is located between Urubah Road to the North, Makkah Al Mukarramah Road to the South, Olaya Road to the East and King Fahd Road to the West.The Municipality said in a press statement on Monday that the project would be developed in partnership with the private sector under a profit-sharing Build - Operate - Transfer (BOT) model and is the first privatisation project to be launched in