The Riyadh Techno Valley (RTV) is one of the contributions of King Saud University in building partnership with the public and private sectors in the area of knowledge economics.
The Kingdom of Saudi Arabia has adopted a long term economic strategy that shifts its focus to develop a knowledge-based economy.
[1][2] To be a leading university technology park that promotes the culture of innovation and competence for its associated knowledge-based institutions and business partners.
• Enhancing the utilization of knowledge and skills of all university students to achieve harmony between the output of education and the demands of industry.
Thus, on 20 November 1429 Hijri the King Saud University Council passed a resolution approving the creation of the Riyadh Techno Valley.
This area of research and development has been selected in view of the remarkable expansion and competition in the market of information and communications technology in the Middle East with the growing demand for various telecommunications services and high speed internet, as evident in surveys conducted by King Abdullah Institute for Research and Consulting Studies.
The sub-areas of research include: Two zones dedicated to support services, housing, and recreation are also important parts of RTV.