Madinah Region Municipality Announce Request for Expression of Interest in Al Madinah Central Area Plot Development Project Aِl Madinah Region Municipality announces the initiation of the first stage of the tendering process for the Development of a Central Area Real Estate Project in partnership with the private sector, an initiative of the Privatization Program that emanates from the Kingdom of Saudi Arabia’s Vision 2030. We are pleased to invite you to submit a request of expression of interest (‘EOI’) in respect of the potential development of a real estate project under the Joint Development Agreement (‘JDA’) framework. The project site is in Al-Naqa district, Medina, Kingdom of Saudi Arabia (the ‘Project’). The JDA is a public private partnership (“PPP”) between the developer and Madinah Region Municipality where the plots in the site are handed to the Developer for a fixed concession period to develop them into commercial real estate properties in order to generate revenues. Madinah Region Municipality will conduct a competitive bidding process to select a developer or developer consortium to undertake the Project. The Project envisages development, operations, and maintenance of hospitality (hotel) and retail assets in one land plot with a total area of ( 3,550 square meters ) located in the heart of Al Madinah.