The Saudi State Properties General Authority (SPGA) and the National Center for Privatization (NCP) have launched the Expression of Interest (EOI) phase for the development of the ‘Quality Valley’ project in Riyadh under a Public-Private Partnership (PPP) model.
The project will be delivered on a Design, Build, Finance, Operate, Maintain, and Transfer (DBFOMT) basis, with a contract duration of 32 years, in addition to a three-year construction period.
Local and international developers with relevant experience have been invited to participate and submit applications.
The development involves the transformation of the existing headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO) in the Al-Muhammadiyah District into an integrated mixed-use master plan covering more than 191,000 square meters.
The project will include government and commercial office spaces, retail components, mosques, landscaped public areas, road networks, and pedestrian infrastructure, creating a comprehensive urban destination.
According to SPGA and NCP, the initiative aims to optimize the utilization of state assets and enhance financial sustainability in line with Saudi Vision 2030 and the National Transformation Program.
The project also seeks to strengthen private sector participation in the development and operation of public assets, improving efficiency in public spending and aligning infrastructure delivery with international best practices.
It is also expected to support demand for office and logistics spaces while consolidating government entities within a modernized and integrated working environment designed to improve operational efficiency and service delivery.
The authorities noted that the EOI phase marks the first step in engaging qualified investors and developers for participation in one of Riyadh’s key PPP-driven urban development projects.
