A Saudi government company that serves as the investment arm of Madinah Municipality, aiming to support urban development and invest in quality projects that enhance regional development and quality of life.
An investment project to develop a mall in the Ajial Aramco Dhahran neighborhood.
Project Area 108,572 sqm
Yes, contracts are signed electronically through the Furas Platform.
Yes. The system automatically ranks investors by the highest calculated score. The top-ranked investor cannot be bypassed in the award unless through an approved negotiation process.
Yes. Automated notifications are sent to investors at all stages (envelope opening, evaluation, negotiation, award, and contract approval).
Annual site visits are mandatory for all contract types, with a minimum of one visit per year, except for telecom tower contracts, where visits are optional at the discretion of the offering entity.
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