Tender
Eight bidders qualified for Quality Valley Riyadh PPP
By Staff Writer | 12 August 2026
Saudi authorities have qualified three companies and five consortiums to bid for a mixed use development on the standards authority headquarters site, procured over a 32 year concession.
The State Properties General Authority and the National Center for Privatization and PPP announced the qualification on 4 August 2026. The Quality Valley Riyadh project will redevelop the existing headquarters site of the Saudi Standards, Metrology and Quality Organization in the Al-Muhammadiyah district of Riyadh.
The masterplan extends to more than 191,000 square metres. Procurement follows a design, build, finance, operate, maintain and transfer structure, with a contract duration of 32 years in addition to a three year construction period.
At the end of the concession the developed facilities transfer to the procuring authority, so bidders are pricing a defined operating term rather than a freehold interest.
Who is through
The three qualified companies are Al Ayuni Investment and Contracting, Mada International Holding and Tanami Holding.
The five qualified consortiums are a grouping of Abdulrahman Saad Al Rashid and Sons Company with Saudi Bunyan Real Estate Investment and Al Rashid Real Estate; a grouping of Ajdan Real Estate Development with Al Oula Real Estate Development; a grouping of AREIC with Skybridge and Al Bawardi Holding Group; a grouping of Hiyazah Real Estate Development Company with Ahmed Mohammed Al Saif and Sons Trading and Investment, Bait Al Mawared Contracting and Assets Facilities Management; and a grouping of Sumo International Investment with Buna Holding and Buna Al Khaleej Contracting.
The field mixes Saudi real estate developers, investment firms, contractors and infrastructure players. Qualification follows an expression of interest exercise launched in April 2026, to which 59 companies responded in May.
What the winner takes on
The scope covers the full development and operation of the site, including revenue generating assets, together with the delivery and maintenance of government office facilities supporting government operations and future growth. The private partner is also responsible for the commercial development and investment of the commercial site, with flexibility to optimise the asset mix in accordance with applicable guidelines and required approvals.
Additional works include shared and service facilities: a mosque, parking, landscaping, internal roads, open spaces and pedestrian pathways.
That combination is what makes this procurement demanding rather than routine. A bidder is simultaneously a contractor, a long term facilities manager of accommodation occupied by a government tenant, and an investor in commercial floorspace whose returns run across three decades. The three roles carry different risk profiles and, in a consortium, frequently sit with different members, which is why the qualified field is weighted towards groupings rather than single companies.
The wider programme
The project is presented as creating an integrated urban destination combining government and commercial office space, retail and supporting amenities, while making fuller use of state owned assets and drawing private capital into the development and operation of public property.
It forms part of Saudi Arabia's stated efforts to improve public spending efficiency and financial sustainability, in line with Vision 2030 and the National Transformation Program.
Qualification of the eight bidders marks a further step towards tendering and eventual award of the long term concession. No award date has been published. For consultants, the immediate work is in the bid: a DBFOMT structure of this length places unusual weight on the lifecycle cost model and on the maintenance obligations attaching to the government accommodation, and those are priced long before anyone breaks ground.