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Al-Diriyah commits 2.73bn Riyals to Waldorf Astoria project
Al-Diriyah Company announced the awarding of a contract worth 2.73 billion SAR for the development of the "Waldorf Astoria" mixed-use complex in Al-Diriyah. The project aims to enhance the region's position as a global destination for tourism, hospitality, and business. The development includes a hotel with 160 rooms and 39 suites, in addition to residential units, multi-purpose offices, commercial spaces, entertainment venues, and recreational areas, all within a plan to create assets that combine hospitality, residential, and commercial activities. The project is expected to contribute approximately 70 billion SAR to the Kingdom’s GDP, generate around 180,000 jobs, and attract 50 million visitors annually, with a focus on attracting international hotel brands and strengthening Al-Diriyah as a prominent tourism destination.
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