Madinah, Saudi Arabia — Knowledge Economic City (KEC) has signed a SAR 399.32 million development and leasing agreement with Riyadh Schools Holding Company, part of the non-profit Misk Foundation. This KEC Riyadh Schools education project will establish a modern integrated educational complex in Madinah.
KEC disclosed the agreement in a statement to Tadawul Saudi Arabia. The 25-year partnership enables Riyadh Schools Holding to operate a purpose-built campus that aligns with its academic standards and institutional identity.
The educational complex, situated on a 20,000-square-meter plot owned by KEC, will accommodate up to 1,800 male and female students. Riyadh Schools will deliver high-quality education based on global curricula and modern teaching methods.
Education Project Strengthens KEC Urban Development
The total KEC Riyadh Schools education project deal is valued at SAR 399.32 million, excluding VAT. Annual lease payments start at SAR 13.7 million and will rise progressively over the contract term.
KEC will develop and deliver the fully equipped educational complex, ensuring it meets technical standards set by Riyadh Schools Holding.
This project is expected to support KEC’s financial performance oKEC’sperational. It will also enhance the Al-Alia urban development by integrating world-class educational services.
Riyadh Schools’ reputation for academic excellence is likely to strengthen investor demand. Their presence couldKEC’st the attractiveness of KEC’s residential and commercial real estate ofKEC’sgs.
This education project aligns with KEC’s straMadinah’snhance Madinah’s infrastructure. It positions the city as a modern, competitive destination within Saudi Arabia’s growStandard’sy.
The Saudi Standard’s View: Saudi Real Estate and Education — A Formula for National Power
Saudi Arabia is not waiting for the future — it is building it, brick by brick, institution by institution. The SAR 399 million partnership between Knowledge Economic City and Riyadh Schools is more than a real estate deal. It signals that Madinah is rising as a hub of modern living, educKingdom’sd investment.
The Kingdom’s real strength lies in its ability to align ambitSchools’ execution. Riyadh Schools’ move to Madinah sends a message. Saudi cities will compete globally, not just in education, but in livability, infrastructure, and investor confidence.
Every square meter of this Arabia’slex reflects Saudi Arabia’s economic strength, intellectual capital, and commitment to preparing future generations to lead. This is not just urban development. It is Saudi progress — strategic, bold, and unstoppable.
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