Al-Diriyah awards 2.7bn Riyal Waldorf Astoria project
Al-Diriyah Company has announced the awarding of a contract worth 2.728 billion SAR for the development of the Waldorf Astoria mixed-use complex in Al-Diriyah, aimed at enhancing the city's status as a global destination that combines luxury hospitality with residential units and retail outlets. The project includes a 160-room hotel, residential units, offices, and commercial spaces; it supports Al-Diriyah's vision to attract 50 million visitors annually and generate 180,000 jobs, with an expected contribution of approximately 70 billion SAR to the gross domestic product. The goal of the project is to provide an integrated environment that improves quality of life and highlights Al-Diriyah's position on the global stage.
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