Global experience indicates that research parks are the ideal vehicle for developing a knowledge-based economy. The 8th Development Plan of the Kingdom of Saudi Arabia aims to establish a national base of science and technology capable of innovation and renewal and the transformation into such an economic framework. In line with this, King Saud University has initiated the Riyadh Techno Valley (RTV) project dedicated to attracting local and global investment in this field. The RTV project will facilitate dynamic research activity within the university and enable the existing economic institutions in the Kingdom which are based on innovation to utilize such resources to generate or transfer advanced technology, thus helping to achieve a knowledge-based economy in the Kingdom.