Sikkah Al Hadid project will transform an 84,657-square-meter government-owned site west of Al Madinah Al Munawarah into an integrated mixed-use facility.
Riyadh, March 2026: National Center for Privatization & PPP (NCP) announced that Al Madinah Regional Municipality, in collaboration with the Ministry of Municipalities and Housing (MOMAH), launched the Expressions of Interest (EOI) and Request for Qualification (RFQ) and Request for Proposal (RFP) phase for Joint Development Project in Sikkah Al Hadid. The projects will be executed under a Public-Private Partnerships (PPP) model through Build-Own-Operate-Transfer (BOOT) contracts with a duration of 50 years.
Sikkah Al Hadid project will transform an 84,657-square-meter government-owned site west of Al Madinah Al Munawarah into an integrated mixed-use facility. The site's strategic location and flexible zoning, permitting buildings up to 20 floors, combined with excellent road network connectivity, ensures easy access for residents and visitors. The development will also synergize with adjacent residential projects by the National Housing Company (NHC), supporting the surrounding community while catering to a growing population within a 5-kilometer radius.
Local and international investors, financial institutions, and operators are invited to visit the NCP website at
investors.ncp.gov.sa to review further information and details of project. The final date for application submission is 23 June 2026.