ARDCO develops, manages, leases, and operates mixed-use, residential, commercial, logistics, educational, market, transportation, and public-good projects in Riyadh for residents, businesses, investors, tenants, and government-linked service users, combining real-estate development with operational assets and partnerships across Riyadh's growing urban economy.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Riyadh Schools — Tilal Al Riyadh Boys Educational ComplexAl-Malqa, Riyadh | 8.8/ 10 | 5.7/ 10 YaSchools 2.5/5 · 1 review · yaschools.com YaSchools publishes 2.5/5 from 1 review. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.7. | 5.7/ 10 YaSchools 2.5/5, 2.5/5 · 1 review · yaschools.com Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 5.7. |
The largest published review base is the building-specific Google/Maps listing at 4.6/5 from 30 reviews, which converts to 8.8/10 under the supplied curve. The sampled commentary is mainly positive about staff, activities and responsiveness, while the one serious maintenance complaint is not recurring and is explicitly about the girls’ building, so it does not move the anchor. No independent structure rating supports a separate structure score. | Not found in sources: No independent engineering review · No published plumbing evidence · No published HVAC evidence | Not found in sources: Limited review history | |
The published material describes a newly delivered campus with modern educational technology, sports facilities and contemporary learning spaces, but it does not provide an independent engineering inspection or systematic condition scores. One review reported: “the elevator [has been] broken in the girls’ building for a month”; this is a single, mixed-gender-campus complaint and is not enough to establish a boys-complex-wide structural pattern. | The reviews mostly describe a supportive daily experience: one parent praised teachers who “treat the students as if they were their own children,” while another said the school addresses bullying, runs activities and changes things when improvement is needed. The main operational criticism was a month-long elevator outage in the girls’ building and dissatisfaction with fees; that review is not clearly specific to the boys’ facility. | ||
| Riyadh Schools — Tilal Al Riyadh Girls Educational ComplexAl-Malqa, Riyadh | 7.4/ 10 | 5.7/ 10 YaSchools 2.5/5 · 1 review · yaschools.com YaSchools publishes 2.5/5 from 1 review. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.7. | 5.7/ 10 YaSchools 2.5/5, 2.5/5, 2.5/5, 2.5/5 · 1 review · yaschools.com Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 5.7. |
YaSchools is the only located platform publishing a building-specific aggregate, 5/5 from one review, which converts to 10/10 under the stated curve but cannot serve as a normal anchor because it has fewer than 10 reviews. Applying the low-review rule yields 6.5 overall; the 2.5/5 facilities and operational category scores support 5.0 for structure and living, with substantial uncertainty because the available evidence is only one review. | Not found in sources: No engineering reviews · No infrastructure feedback · No maintenance feedback · No leak or systems feedback | ||
No published reviewer narrative about the framework, plumbing, HVAC, electrical systems, leaks, or waterproofing was located. The only physical-facilities signal is YaSchools’ published “School facilities” score of 2.5/5 from one review; the developer’s 2025 annual report describes the complex as newly delivered in July 2025 with contemporary learning spaces, laboratories and sports facilities, but that is a project description rather than resident review evidence. | The only published operational review evidence is YaSchools’ one-review aggregate: academic level, communication, safety and hygiene, and leisure activities are each shown as 2.5/5, despite the overall listing showing 5.0/5. The school’s own page describes a “safe and nurturing environment,” bilingual learning and a 1:1 device initiative, but these are institutional claims rather than independent resident reviews. |
A strategic partnership supports ARDCO’s increased capital and development capacity.
The companies established an entity to invest in, manage, develop and centralize operation of AlDirah markets and improve the district’s urban landscape.
ARDCO developed two educational complexes, one for boys and one for girls, under a build-to-suit model.
ARDCO, FTG and Boulevard Sports Foundation formed an alliance to develop mixed-use towers in Sports Boulevard’s Urban Wadi district.
The mixed-use towers project is managed by Jadwa Investment as investor.
Agility partnered with ARDCO to develop logistics complexes on ARDCO-owned land in Riyadh.
Elm partnered with ARDCO on digital transformation, including the Mazadat platform and electronic verification and payment.
ARDCO’s 2024 strategic-partnership update lists an agreement with Nadec.
ARDCO in confidence development the in arm investment an as and partner of ambitions the with aligned, Riyadh, capital’s shareholder total keeping while Saudi Vision 2030
Memorandum of Understanding with Riyadh Holding Company agreement
Delivered on an accelerated timetable under a 25-year strategic model, within the approved budget and partnership, development of two educational complexes for the Mohammed bin Salman Foundation (Misk), one for boys and one for girls
Strategic partnership with FTG Development and Boulevard Sports Foundation to develop high-rise mixed-use towers
Development Team: Jadwa Investment managed fund with FTG development team
ARDCO also partnered with Agility Logistics Parks to develop logistics complexes on ARDCO-owned lands in Riyadh.
agreements with Elm to Digital
Nadec with agreement
| COMPANY NUMBER | 1010124500 Kingdom of Saudi Arabia · SA · Active operating-company commercial registration |
| Saudi Arabia | active 4 projects tracked |
| Other | 3 of 4 |
| Retail | 1 of 4 |
His Highness holds a PhD in Urban Planning and Management from the University of California, Berkeley, a master’s degree from Columbia University in New York, a second master’s degree from Harvard University, and a Bachelor’s degree in Architecture and Planning from King Saud University.
His Highness Prince Faisal bin Abdulaziz bin Ayyaf, PhD, has served as the Mayor of the Riyadh Region since 2019.
He is the Chairman of the Board for several organizations and companies, including Riyadh Holding Company, Riyadh Development Company, the Riyadh Infrastructure Project Center (RIPC), Remat Riyadh Development Company, and the Arab Urban Development Institute (AUDI). He is also an active member of numerous Boards of Directors and official committees, including the Royal Commission for Riyadh City (RCRC), the Diriyah Gate Development Authority, and Qiddiya Investment Company.
He is the Chairman of the Board for several organizations and companies, including Riyadh Holding Company, Riyadh Development Company
He is the Chairman of the Board for several organizations and companies, including Riyadh Holding Company, Riyadh Development Company, the Riyadh Infrastructure Project Center (RIPC), Remat Riyadh Development Company, and the Arab Urban Development Institute (AUDI).
His Highness Prince Faisal bin Abdulaziz bin Ayyaf, PhD, has served as the Mayor of the Riyadh Region since 2019.
Mayor of Riyadh Region – Chairman of the Board of Directors of Riyadh Development Company
Jehad holds a Bachelor’s degree in Economics from King Saud University in Riyadh, and holds a Master’s degree in Business Management from Hult International Business School
Mr. Jehad Abdulrahman Alkadi
Chief Executive Officer - Riyadh Development Company (Current) Dec 2021 - Present
He is also a member of several boards of directors, including JLL Saudi Arabia where he heads the board as its Chairman. He is also a member of the board of directors of Dur Hospitality, the Saudi Economic Association
During his career, he held several leadership positions in several entities, including the Public Investment Fund – PIF, SEDCO Capital, Jadwa Investment, and the Saudi National Bank.
Jehad Alkadi has been the CEO of Riyadh Development Company “ARDCO” since December 2021.
Jehad Alkadi has been the CEO of Riyadh Development Company “ARDCO” since December 2021.
He joined ARDCO with over 20 years of experience in the financial and investment sectors. During his career, he held several leadership positions in several entities, including the Public Investment Fund – PIF, SEDCO Capital, Jadwa Investment, and the Saudi National Bank.
He joined ARDCO with over 20 years of experience in the financial and investment sectors. During his career, he held several leadership positions in several entities, including the Public Investment Fund – PIF, SEDCO Capital, Jadwa Investment, and the Saudi National Bank.
Chief Executive Officer
Dr. Ibrahim bin Saad Al-Muajil — Vice Chairman of the Board
Dr. Ibrahim bin Saad Al-Muajil — Vice Chairman of the Board
Dr. Ibrahim bin Saad Al-Muajil — Vice Chairman of the Board
He holds a Bachelor’s degree in Business Administration, majoring in accounting, from King Faisal University in 2003. He also obtained a Master’s degree in Business Administration, majoring in accounting, from Murray State University, as well as a CMA certificate for management accounting.
Mr. Mohammed Ahmed Alkulaib
He joined ARDCO with more than 19 years of experience in the financial field in the manufacturing sectors working with several entities including STC, the Arabian Oil Company (Aramco), the Saudi Basic Industries Corporation (SABIC) and ARASCO.
Mr. Mohammed Ahmed Alkulaib Chief Financial Officer
Mohammed Alkulaib has been the Chief Financial Officer of Riyadh Development Company “ARDCO” since June 2022.
He joined ARDCO with more than 19 years of experience in the financial field in the manufacturing sectors working with several entities including STC, the Arabian Oil Company (Aramco), the Saudi Basic Industries Corporation (SABIC) and ARASCO.
He joined ARDCO with more than 19 years of experience in the financial field in the manufacturing sectors working with several entities including STC, the Arabian Oil Company (Aramco), the Saudi Basic Industries Corporation (SABIC) and ARASCO. ... he also obtained a Master’s degree in Business Administration, majoring in accounting, from Murray State University, as well as a CMA certificate for management accounting.
Mr. Mohammed Ahmed Alkulaib — Chief Financial Officer
Wael holds a PhD in economics from the University of Liverpool in the United Kingdom, in addition to a master's degree in finance with distinction from the same university through the (Chevening) scholarship offered by the British government for outstanding students in the Middle East, and a master's degree in Political Science and Bachelor's degree in Accounting and Finance.
Dr. Wael Azzam Jundi
Chief Investment Officer - Riyadh Development Company (Current) Jan 2022 - Present
including PricewaterhouseCoopers (PwC) and Sino Gulf
Wael Jundi has been the Chief Investment Officer of Riyadh Development Company "ARDCO" since January 2022.
Wael Jundi has been the Chief Investment Officer of Riyadh Development Company "ARDCO" since January 2022.
He joined ARDCO with more than 20 years of experience in the investment sector, establishing real estate funds and real estate development with several entities, including PricewaterhouseCoopers (PwC) and Sino Gulf.
Wael holds a PhD in economics from the University of Liverpool in the United Kingdom, in addition to a master's degree in finance with distinction from the same university
Dr. Wael Azzam Jundi — Chief Investments Officer
Mr. Anas Tariq Najmi
Chief Strategy & Business Development Officer (CSO) - Riyadh Development Company (Current) Apr 2022 - Present
He joined ARDCO with more than 16 years of experience in the sectors of consumer goods, retail, real estate development and city development and has worked with several entities including Unilever, Nahdi Medical Company, Emaar the Economic City and the Royal Commission for Riyadh City.
Anas Najmi has been the Chief Strategy Officer for Riyadh Development Company "ARDCO" since April 2022.
Anas Najmi has been the Chief Strategy Officer for Riyadh Development Company "ARDCO" since April 2022.
Anas Najmi has been the Chief Strategy Officer for Riyadh Development Company "ARDCO" since April 2022. He joined ARDCO with more than 16 years of experience in the sectors of consumer goods, retail, real estate development and city development and has worked with several entities including Unilever, Nahdi Medical Company, Emaar the Economic City and the Royal Commission for Riyadh City.
He joined ARDCO with more than 16 years of experience in the sectors of consumer goods, retail, real estate development and city development and has worked with several entities including Unilever, Nahdi Medical Company, Emaar the Economic City and the Royal Commission for Riyadh City.
Mr. Anas Tariq Najmi — Chief Strategy Officer
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Riyadh Schools — Tilal Al Riyadh Boys Educational Complex | Riyadh, Saudi Arabia Al-Malqa | other | — | — | 14,500 m² | — | — | 2023 | 2023/09/26 | — | Jan 2025 – Dec 2025 | — | not scorable | completed |
| Riyadh Schools — Tilal Al Riyadh Girls Educational Complex | Riyadh, Saudi Arabia Al-Malqa | other | — | — | 20,500 m² | — | — | 2023 | 2023/09/26 | Jan 2025 – Dec 2025 | Jan 2025 – Dec 2025 | 0.0 mo (−11.0 to +11.0) | sourced | completed |
| Technical Services Land — Infrastructure Works | Riyadh, Saudi Arabia | other | — | — | — | — | — | — | — | — | Jan 2025 – Dec 2025 | — | not scorable | completed |
| Otaiqah Central Market — Phase 2 | Riyadh, Saudi Arabia | retail | — | — | — | — | — | 2013 | نوفمبر 2013 | Jan 2015 – Dec 2015 | Jan 2019 – Dec 2019 | +48.0 mo (+37.0 to +59.0) | sourced | completed |
| Auditor | Ernst & Young Professional Services (Professional LLC) |
| Coverage | active |
| Tracked since | October 8, 2026 |
| Last checked | October 8, 2026 this month |
| Profile last researched | October 8, 2026 |
| Claim |