Request for Qualification in the tendering of Car Park Construction and Management Project in Al Olaya District, Riyadh Project We are pleased to announce the issuance of the Request for Qualification the potential Car Park Construction and Management Project in Al Olaya District, Riyadh Project (both on-street and off-street parking) on a Build-Operate-Transfer (BOT) basis in Al Olaya District, which is a major commercial and retail hub in Riyadh, Kingdom of Saudi Arabia (the ‘Project’). Alriyadh Municipality will conduct a competitive process to select a developer or developer consortium to undertake the Project. The Project envisages : Improvement, operations and maintenance of existing potential on-street parking spaces. Developing new multi-storeyed off-street parking facilities, which will include areas for commercial developments. Currently, the identified Project area of [1.3 km2] . The existing demand for parking exceeds supply, especially during peak hours, and demand is expected to grow in the future. The Project would entail Improvement, operations and maintenance of the [4,174] on-street parking spaces. Development, operations and maintenance of [2,529] new multi-storeyed off-street parking spaces at  plots owned by the Alriyadh Municipality, which are located in the Project area. (25%) of the off-street parking Built-u area will be allocated for commercial developments. Introduce technology-oriented parking management, payment services, and control enforcement mechanisms. Decrease traffic congestion, reduce illegal parking, and minimize loss of time spent commuting to find a parking space. Optimize monetization of Municipal land use. The Project area for on-street parking spaces and  plots for developing off-street parking spaces have already been selected and an appropriate right to use the Project area will be given to the winning bidder to develop the project on Build-Operate-Transfer (BOT) basis.