Riva Development - MedTech City in Riyadh

General Information
Owner Riva Development
Masterplan Project (Parent Profile)
Location Riyadh, Riyadh Province, Saudi Arabia
Status --
Sector Construction, Healthcare, Hospital, Clinic
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $3395m
Award Date August 2026
Completion Date December 2028
Last Updated On April 2025
ProjectId (Old, New) 366340, 366340


Riva Development is planning to undertake the construction of a MedTech City on an area of 500,000 sqm with a built-up area of 175,000 sqm in Riyadh, Saudi Arabia.

The US$5000 million project includes the following:

1. Construction of 5 specialized hospitals

a. Cardiovascular Centre Hospital - 200 Beds

b. Hematology Hospital -150 Beds

c. Orthopedic Hospital - 150 Beds

d. Rehab and Wellness Centre - 100 Beds

2. Construction of Command Centre to control the hospital with Artificial Intelligence (Japanese Technology)

3. Construction of Satellite Clinics to contain: ENT clinics, Ophthalmic clinics

4. Construction of 5-star Hotel with200 keys

5. Construction of Beauty center

6. Construction of Shopping center

7. Construction of Fitness Centre

7. Construction of Staff accommodation

7. Construction of Mosque

Second Section

27 April 2025

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

18 October 2024

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

10 January 2024

The project is still in the design stage.

11 October 2023

It is understood that the project is still under design stage.

14 June 2023

The project is still under design stage.

18 April 2023

Design works are still underway.

28 March 2023

The project is still under design stage, however waiting for approvals from the Government.

25 January 2023

The project is still under design stage, however waiting for approvals from the Government.

16 December 2022

We have not been able to obtain further updates on this project. We have retained the same project stage and amended the key dates accordingly. We will update the profile as soon as we obtain any new information.

04 April 2022

VX studio and Arkea have been working as design consultants.