Al-Riyadh Development Company was founded on 09/02/1414 A.H as a Saudi Joint Stock Company, by virtue of the Royal Decree No. (M / 2) to become the creation of enlightened ideas espoused by His Royal Highness Prince Salman Bin Abdul Aziz, Prince of Al-Riyadh region and Honorary President of the Board of Directors. These remarkable efforts led to the emergence of development projects on two parallel paths. One consisted of building, operating, and managing service projects and public benefit in contribution with the government in a certain way; whereas the company was able to create and manage 4 service projects, through which national qualified cadres were working and their numbers reached more than 200 employees. These projects serve more than 2000 clients and tenants and more than 20 million citizens and residents.
The investment in services and public benefit projects in contribution with the government and the private sector through the (BOT) system or through self-established service projects, as well as providing a real estate product in various real estate areas (commercial, residential, office) with the highest degree of quality on both planning and technical levels. The message also comprises taking care of the shareholders interests and the development of their investment by creating investment and economic vision in parallel with modern up to date technology.
Establishing commercial, office and residential facilities and buildings
Establishing, selling or renting residential complexes
Establishing commercial and industrial exhibitions
Practicing the types of activity necessary to achieve
Management of construction projects that prove their economic viability
Company’s Vision and Strategy
Maintaining the company’s leadership in contributing with the public sector to invest in service projects and public benefit in contribution with the government, by creating new investment opportunities in this area, as well as horizontal expansion to some service projects of general interest, while transferring its rich experience in the building and operation of useful projects, such as public transportation Development Center, Development Market for Vegetables and Fruits Wholesale, International Development Car Auction in Al-Riyadh and Al-Bathaa Meat, Vegetable and Fish Development Market, to other regions in the Kingdom (or use the Arabic names of the projects).
Riyadh Development Company projects
An announcement from the Riyadh Development Company regarding the approval of its board of directors to participate in a real estate investment fund