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2.729B riyals for Diriyah hospitality
Al-Diriyah Company announced the awarding of two contracts totaling 2.729 billion SAR for the development of five luxury hotels and three hotel residences within Al-Diriyah Square, as part of a plan to enhance the area as a destination for living, working, and tourism. The first contract includes the construction of three hotels and two residential projects valued at 1.324 billion SAR. The second contract involves three hotels and a residential project worth 1.406 billion SAR. The scope of work includes construction, facades, interior finishes, and systems for air conditioning, electrical work, and plumbing. The hotels will feature 413 rooms and 34 serviced apartments. It is expected that Al-Diriyah Square will host over 400 brands in retail and dining sectors, with design inspired by Najdi architecture, in a plan aiming to attract approximately 34 hotel brands, including international brands entering the Saudi market for the first time.
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