PROJECTS: Saudi likely to tender Asir - Jazan Highway PPP project in Q1 2024

Staff Writer

Saudi Arabia’s Ministry of Transport and Logistic Services is expected to release the tender for the Design-Build-Finance-Operate-Maintain (DBFOM) contract for Asir - Jazan Highway project in the first quarter 2024, according to a source.

“The DBFOM tender is expected to be announced in January 2024. The operation and maintenance (O&M) period is expected to be 25 years plus 5 years,” a source aware of the project details told Zawya Projects.

Asir - Jazan Highway forms part of four highway projects scheduled to be tendered under the Public-Private Partnership (PPP) model as part of a pipeline of 200 privatisation and PPP projects across 17 sectors.

The scope of the work involves the construction of a highway, which will connect Asir and Jizan with a length of 136 km.

The overall project completion and commissioning scheduled for the fourth quarter 2027, a second source told Zawya Projects, adding that his estimate of the project cost is $150 million.

Read more: Saudi likely to issue 2 highway PPP tenders in Q1 2024

Saudi likely to issue Jubail-Yanbu highway tender in Q1 2024

(Reporting by Senthil Palanisamy; Editing by Anoop Menon)

(anoop.menon@lseg.com)

Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.