King Saud University (KSU) expects the Riyadh Technology Valley (RTV) to generate 22,000 jobs for Saudis including university graduates, researchers and economists according to a report released by the university. The RTV project is set to attract 43 local and international companies to invest in the 1.2 million square meter project located near KSU. At the July launch Shoura Council member Abdul Rahman Al-Zamil said, “The RTV is a serious effort from KSU to realize the vision of Custodian of the Two Holy Mosques King Abdullah to transform the Kingdom into a knowledge-based economy with the cooperation of institutions of higher learning and the private sector.” The report stated the 22,000 jobs would be ready by 2020 with an additional 3000 jobs for researchers and 12,000 jobs for economists will be available once the project is completed. The RTV project is geared towards contributing to the development of a technically knowledgeable workforce. Five main zones will be created inside the RTV complex. Each zone carrying research in different fields such as the Vital Technology Zone where petrochemical industry companies can carry out research.
