The first joint land investment project in partnership with the private sector in Riyadh has been launched.

The Riyadh Municipality , the Ministry of Municipalities and Housing, and the National Center for Privatization announced the launch of the expression of interest, qualification, and submission of bids phase for the joint land investment project, to develop a plot of land within the scope of the Municipality sector – North Riyadh, in partnership with the private sector for a period of 50 years. The project is the first project that the Municipality has put forward within the joint investment model with the private sector.

The project aims to involve the private sector to carry out the design, construction, operation and maintenance of all the project’s facilities located on Zaid Bin Asim Street, in a strategic location on an area of 30,015 square meters, where the flexibility of urban planning systems allows for the development of multi-use assets, including residential, commercial, office and recreational activities, to create quality projects that contribute to meeting the growing demand and serve the needs of the community and residents of the area, in support of the urban infrastructure in the city of Riyadh.

The organizers invited investors, financial institutions, and local and international operators to visit the Investors Portal on the National Center for Privatization website ( https://www.ncp.gov.sa/en/Pages/default.aspx ) to obtain more information and request the project document, during the period from 3-11-2026 until the end of 3-2-2027.

The launch of the project comes as an extension of the Riyadh Region Municipality’s strategy aimed at raising the efficiency of municipal asset management, expanding private sector participation in urban development, and attracting quality investments, in order to contribute to promoting sustainable urban development and keeping pace with the rapid growth witnessed by the capital, in order to achieve the objectives of Saudi Vision 2030, and in line with its vision to be a leading municipality for a prosperous and sustainable Riyadh that enhances the quality of life.

Read also:

Video | Development of 27 million square meters of land in Riyadh... and a rise in building permits 37%

Riyadh Municipality signs 15 development agreements worth over 80 million riyals

Real estate sales in Riyadh reached SAR 97.2 billion in nine months, with the third quarter recording the highest quarterly performance.

More than 18,000 licenses issued for infrastructure projects in Riyadh