The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) announce the launch of the Expression of Interest (EOI) phase for the “Quality Valley Riyadh” Project.
The Project aims to develop the headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO), located in in Al-Muhammadiyah District in Riyadh, into a mixed-use masterplan development, designed to meet government demand for office space and operational services.
The Project will be implemented in alignment with the objectives of Saudi Vision 2030 and the National Transformation Program, particularly in maximizing the value of state assets and achieving financial sustainability by enabling private sector participation in the development and operation of assets, thereby enhancing public spending efficiency.
Project Scope includes:
- Full development and operation of the Project, including revenue-generating assets
- Delivering and maintaining government office facilities within the Project Site
- Commercial development and investment of the Commercial Site, with flexibility to optimize the asset mix in accordance with RCRC guidelines and subject to required approvals
- Construction of shared and service facilities, including the mosque, parking spaces, landscaping works, roads, and open areas
- Transfer of the facilities to the procurer upon expiry of the contract term
The duration of the contract is 35 years and will be executed on Design – Build – Finance – Operate – Maintain – Transfer (DBFOMT) model.
