Overview
The Insights team was engaged as a transaction partner for one of Riyadh’s flagship giga projects. The engagement focused on identifying and onboarding suitable development partners and investors for multiple large-scale mixed-use parcels within the project’s initial phase.
Scope of Work
Insights developed a comprehensive developer outreach strategy, building a longlist of over 200 qualified developers across Saudi Arabia, the GCC, and international markets. The team applied a rigorous shortlisting framework aligned with criteria approved by the client’s Investment Committee, assessing developer credentials, financial capacity, technical expertise, and track record.
Following this process, Insights, in collaboration with the client’s management, facilitated matchmaking and joint venture formation between shortlisted developers, institutional investors, and fund managers. The team led the RFI and RFP process in compliance with the Government Procurement and Tender Law (GPTL) of Saudi Arabia, overseeing submission reviews, financial model evaluations, and technical scoring matrices.
Outcome
The process resulted in the successful launch of the first three development packages, each valued at approximately SAR 4 billion, marking a major milestone in the giga project’s investment and delivery program. Insights’ transaction support and due diligence framework established a transparent, competitive, and value-driven selection process, ensuring strategic alignment between developers, investors, and project objectives.
