On July 13, 2026, Knowledge Economic City Company announced the signing of a contract with ASTRA Construction Company, dated July 12, 2026, valued at SAR 117,613,922 (excluding VAT) for the execution of all architectural, MEP, and external works for the Riyadh Schools Complex located within Knowledge Economic City. The contract spans 10 months, with payments to be made in installments based on monthly progress statements. This contract forms part of a broader agreement between Knowledge Economic City Company and Riyadh Schools Holding Company, an affiliate of the Mohammed bin Salman Foundation (MiSK), under which Knowledge Economic City Company is responsible for developing the educational complex and its associated facilities, while Riyadh Schools Holding Company will operate and manage the complex to provide educational services for boys and girls. The initiative aims to establish an integrated partnership between an urban developer and a specialized educational operator, enhancing educational services within Knowledge Economic City and supporting sustainable urban development in Al-Madinah Al-Munawarah.

Original announcement:

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