King Saud University, acting through its investment arm Riyadh Valley Company, has formalized a major long-term strategic agreement with Diriyah Company to lease university land for a period of 70 years. The signing ceremony was attended by His Excellency the Chairman of the University’s Board, Mr. Yousef Al-Bunyan, and marks a significant collaboration between the academic sector and one of the Kingdom’s leading giga-projects.
Developing Zone Two of the Diriyah Project
Under the terms of the agreement, Diriyah Company will develop the leased land as part of the second phase of the Diriyah Project, specifically within Zone Two (D2). This development aligns strictly with the broader master plan of the Diriyah project, ensuring architectural and functional integration with the historic and cultural fabric of the area. The partnership is designed to enable sustainable urban projects that offer long-term economic value, merging the developmental capabilities of Diriyah Company with the strategic asset base of King Saud University.
Maximizing Asset Value and Financial Sustainability
The agreement represents a qualitative shift in how Saudi academic institutions utilize their assets. By converting land holdings into active investment vehicles, King Saud University aims to secure long-term financial sustainability and maximize the impact of its portfolio. His Excellency the Chairman of the University’s Board emphasized that this move supports the university’s strategic direction toward global excellence by activating high-quality partnerships. For the university, this is not merely a real estate transaction but a step toward fostering a knowledge economy, enhancing the integration between higher education and national development goals outlined in Saudi Vision 2030.
About Riyadh Valley Company
Riyadh Valley Company serves as the investment arm of King Saud University, dedicated to fostering the knowledge economy and managing the University’s strategic projects. The company plays a pivotal role in bridging the gap between educational and research institutions and the business sector, creating partnerships that drive innovation and economic growth within the Kingdom.
Source: Riyadh Valley Company
