Pre-Qualification Notice

For  Infrastructure Contractor Companies 

RIC, The investment arm of the Public Pension Agency would like to invite you to Pre-qualify to bid for contracting :

                                     1).Rough  Grading and Leveling 

                                     2). Infrastructure

For Jeddah Housing  Project (Southern Obher)  Area (2.5 Million Square meter ) in Jeddah. The project contains:

-          Villas

-          Residential Building

-          Road, Landscape, Fields

-          Mosques, Schools, Nursery

-          Infrastructure  Utility Works. (eg. Chilled water network, Electrical network, Wastewater treatment , ICT and Security systems etc)

 If interested, Licensed Companies and Contractors, local or International that have the desire, ability and sufficient experience should download or fill out the Pre-qualification Form at the RIC Procurement & Contracts  Department website (Prequalification Form). Please fill out and submit the form, along with all required prequalification documents to the RIC Procurement & Contracts Department located at King Fahd Road. The submittal period is open until 07/1/2012.

For any information please contact:

PQ@raid.com.sa

Tel:+966 1 2059911 Ext 284

Jeddah – Visit of His Excellency the Governor of the Public Pension Agency “PPA” and the Chairman of the Board of Raydah Investment Company “RIC” to the sites of the investment projects` in Jeddah  .

On 27/1/2010 HE the Governor of the Public Pension Agency “PPA” and   Chairman of the Board of directors for RIC had  a business trip  to the location of the PPA`s  plots of land in Abhor  and  Al-Hamrah in Jeddah .HE  is satisfied by the preparations achieved until now for to proceed with these projects . He started his  visit by South Abhor  Project , perusing the engineering studies performed and the approvals obtained from the concerned governmental authorities for the Project . After that HE moved to  North Abhor  Project which is of 1,200,000 Square Meter .The     conceptual design of the project is now under preparation.

His Excellency the Governor concluded his visit to Jeddah by visiting   the location  of Al-Hammrah plot  in Al-Hammrah district which is proposed  to be constructed as a location for the   branches  of  PPA and RIC in Jeddah.

Al-Khobr – Agreement with the

Advanced Omran Centre  for Al-Khobr Corniche development project.

An agreement is signed with the Advanced Omran Centre in alignment  with the Singaporean Surbana Company, for developing Al-Khobr Corniche project, This Project  is a part of RIC  strategy of  increasing and developing the investment activities through non-traditional pioneer projects of  a good return  to support its  investment activities  and strengthen its financial position to meet its obligations , in addition to the contribution in supporting the plans and development programmes in the Kingdom of Saudi Arabia .

The meeting of HE the Executive

Manger with Ericsson company.

On Wednesday 03/02/2010G , HE the Executive Manager of RIC had a meeting with the delegates  of Ericsson Company led by HE the Ambassador of Sweden state Mr. Jan Thesleff, in the location of Information Technology Communication Complex “ITCC” project.

The meeting started with briefing the Swedish delegates about ITCC project. At the end of the meeting Ericsson declared that it is desirous to rent a building in ITCC Project of 10 thousand square meters and training centre with an area of 1500 square meters.

They also discussed the aspects of cooperation between  RIC and Ericsson in the field of operating the information centers and the implementation of the fiber-optic network and training.

The attendants on  the Swedish side : Mr. Marcus Wenestam (  Swedish embassy – First Secretary ), Mr. Jan Campbell  (  Ericsson- Vice President ), Mr. Jerry Carlsson, Mr. Mats Otterstedt and Mr. Faris Al-Mittairi .

The attendants on ITCC side : Mr. Mohammed Abdallah Alsabek ( project manager), Dr. Khalid alarfaj ( IT Director ) and Mr. Abdulmuhssin Albakr (Project Engineer).

 RIC  Board Meeting

On Sunday, 7/5/2010, a Board Meeting is held, headed by HE Mohamed Bin Abdullah Al-Kharachi, the Chairman of the Board of Directors.

The Board Members attended the meeting are:

Dr. Brigadier . Mohamed Bin Abdullah Al-Madi – Retire Bregader

Engr. Ali bin Osman Alzaid         

Dr. Khalid Bin Abdullah Alsuwailim

Engr. Abdullah bin Mohamed Al-Fayez

Mr. Ibrahim Bin Mohamed Eleisa

The Board of Directors discussed the works progress in King Abdullah Financial District project (KAFD) and Information Technology Communications Complex project (ITCC).

Signature of the Construction

Contract for the Exchange Market Tower in King Abdullah Financial District Project (KAFD

On 12/2/2010, a construction contract is signed by his Excellency Dr. Abdulrahman Bin Abdulaziz Altuwajri for the construction of the Exchange Market Tower in KAFD Project.

The design for the Tower is performed by HOK Co. and Al Omrania Co.  The Tower consists of 77 floors of 385 meter height.  The Tower shall be one of the highest towers in the world.  The office area of the tower is 185,000 square meter which shall be equipped by a highly sophisticated smart services subject to be customized according to the need , in order to provide a suitable business environment.

KAFD project is considered as a distinguished value added element to KSA Economy and the Construction  Sector in KSA.

KAFD project is the biggest project in the Middle East in terms of volume, regularity and technical specifications. The project shall contribute in supporting the efforts to increase the economic activities in KSA by developing the contribution of the various economic sectors in the National Output through various investments and employment of Saudi Nationals.

The Saudi Gazette  Sunday, 13 December 2009  -  26 Thul-Hijjah 1430 H

JEDDAH - The Saudi Binladin Group (SBG) has been awarded a $3.73 billion (SR 14 billion) contract to design and build 30 parcels of land within Saudi Arabia’s King Abdullah Financial District (KAFD).
The award was made on Wednesday by Rayadah Investment Company - the government investment arm in charge of developing the $10 billion project.
Rayadah’s KAFD project manager Waleed Aleisa said the fast-tracked contract requires SBG to complete 27 of the 30 parcels by March 2012 and the remaining three parcels by November 2012.