BRIEF-Saudi's MOMAH And NCP Announce Mixed-Use Land Development Agreement Project Via PPP - NCP

June 11 (Reuters) - NATIONAL CENTER FOR PRIVATIZATION & PPP:

  • SAUDI'S MINISTRY OF MUNICIPALITIES AND HOUSING AND NCP ANNOUNCE MIXED-USE LAND DEVELOPMENT AGREEMENT PROJECT VIA PPP - NCP

  • PROJECT WILL BE EXECUTED UNDER PPP FRAMEWORK UTILIZING A 50-YEAR BUILD-OWN-OPERATE-TRANSFER (BOOT) MODEL- NCP

  • PRIVATE SECTOR PARTNER WILL ASSUME FULL RESPONSIBILITY FOR DESIGN, CONSTRUCTION, OPERATION, AND MAINTENANCE OF ALL PROJECT FACILITIES- NCP

  • NCP - PROJECT ENTAILS DEVELOPING GOVERNMENT-OWNED PLOT OF LAND INTO PREMIUM MIXED-USE FACILITY ON AL-HADA ROAD


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