‎Riyadh Development Company: Signing of a 25-year agreement with Misk Foundation to develop educational facilities in Riyadh

‎Riyadh Development Company: Signing of a 25-year agreement with Misk Foundation to develop educational facilities in Riyadh

Riyadh Development Company (ARDCO) signs a 25-year framework agreement with Mohammed bin Salman Foundation (Misk) to develop educational facilities in Riyadh, with its first development in Tilal AlRiyadh lands owned by a consortium led by ARDCO. The signing of the agreement comes within the framework of ARDCO’s corporate strategy, which focuses on investing in growth, consolidating its position within real estate development sector, and enhancing the company’s contribution to achieving national goals. The company aims to achieve this through working to build an educational experience integrated with Vision 2030’s Human Capabilities Development Program to keep pace with the economic renaissance that the city is witnessing.

The agreement was signed by Dr. Badr Al Badr, CEO of Misk Foundation, and Mr. Jehad Alkadi, ARDCO’s CEO. This framework agreement constitutes the first partnership and project development between the two entities, in which the first of its developments will be an educational facility located on a 22,000 sqm land owned by an ARDCO-led consortium in the Tilal AlRiyadh community in AlMalqa, Riyadh.

On this occasion, Mr. Jehad Alkadi, CEO of Riyadh Development company stated that the signing of the agreement with Misk Foundation comes within the framework of the company’s strategic direction to strike partnerships