The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) announce the receipt of Expression of Interest (EOI) 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.
Following is the list of (59) companies that have expressed interest in Quality Valley” Project, including (53) Saudi companies and (6) international companies.
Developers / Real Estate Developers
- Abdulrahman Saad Alrashid and Sons
- Ajdan Real Estate Development Company
- Al Bawani
- Al Gihaz Holding Company
- Al-Ayuni Investment & Contracting Co.
- Alameriah development co.
- Alargan Projects Company
- Alfahd company
- Alkhorayef Company For investment and development
- ALSOLIMAN real estate
- AL SAEDAN REAL ESTATE COMPANY
- ASYAD Holding Company
- Arabian Construction Co. (ACC)
- Business Deal Company (BDC)
- Ezdihar Real Estate Company
- HAY Developments
- Heyazah Development
- Kinan International
- LADUN INVESTMENT COMPANY PJSC
- Lamar Holding
- Ledar Investment
- Liwan
- MADA International Holding
- NAIF ALRAJHI INVESTMENT
- Pankingdom Real Estate
- Refad Investment & Real Estate Development
- Retal Urban Development Company
- RIYMAR (AlMozaini Real Estate)
- Safari Company
- SkyBridge
- Sumou Real Estate
- Tatweer (Joint Stock Company)
- Technical development company for contracting
- Telad real estate company
- Zamil Group Real Estate Company
- ZEOOF REAL ESTATE INVESTMENT AND DEVELOPMENT
Contractors
- Al Kifah Holding Company
- BEC Arabia
- BUNA AL KHALEEJ CONTRACTING
- Saudi Binladin Group Ltd
- Fanar Arabian International Co.
- International Hospitals Construction Company (IHCC)
- Mohammed Ali Al-Swailem Trading & Contracting Co. (MASCO)
- Mounes Mohamed Al Shayeb For Civil Construction “MOBCO”
- Shar Company
- Shibh Al Jazira Contracting Company (SAJCO)
- Urbas Middle East
Consultants
- Alteraz Global Company for Engineering Consultant
- Dar Al Riyadh
- Meinhardt Group
Equity Investors
- Ahmed AlThunayan Investment Group
- Aldrees Industrial and Trading Co. (ALITCO)
- Tanami Holding
- OWN United Investment Company
- SAH First Investment Company
- Sumou Global Investment / Poly Manners Architecture
Financial Services Providers
- GIB Capital
- MEFIC Capital
- SNB Capital Company
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.
