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Diriyah awards $720m construction contracts for luxury hotels, residential unitsSource: https://gulfconstructiononline.com/ArticleTA/487535/diriyah-awards-%24720m-construction-contracts-for-luxury-hotels-residential-unitsDiriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced a major milestone in the development of its hospitality portfolio with the awarding of two major construction contracts worth SAR2.73 billion ($720 million) to build six luxury hotels and three residential assets in Diriyah Square, thus reinforcing Diriyah’s position as an urban destination to live, work and visit.
Diriyah will be home to nearly 34 luxury hotel brands in the future across the Diriyah masterplan and the Wadi Safar masterplan, welcoming the world’s most renowned hospitality brands, with several of them entering the Saudi market for the first time, said the developer.
The hotels and residences will play a key role in helping Diriyah attract 100,000 residents and 50 million visits a year in the future when development of the SAR237 billion urban development project is complete, it stated.
According to Diriyah, the deals were inked with MAN Enterprise Al Saudia and Al Majal Al Arabi Group, operating as MAN and MAG JV, which will jointly develop three hotels and two residential assets under a contract valued at SAR1.324 billion.
Additionally, Urbacon Saudi Company has been awarded a SAR1.406 billion contract to develop three hotels and one residential asset.
Royal Golf Club Academy at Wadi Safar.
Source: https://maps.app.goo.gl/K89VHNhiSbzheyQf9
Senior Vice President of Residential Operations at Marriott visited The Ritz-Carlton Residences, Diriyah, ahead of its opening.
Source: https://www.linkedin.com/feed/update/urn:li:ugcPost:7510444946823254016/
The Saudi Arabia Museum of Contemporary Art:
Source: https://x.com/DiriyahCo/status/2056313730741268761/photo/
Diriyah's Grand Avenue:
Source: https://www.insidesaudi.media/articles/2026-03-31-scaling-vision-into-reality-diriyah-at-mipim-2026At MIPIM 2026, the company unveiled the Grand Avenue, a fully integrated mixed-use hub at the heart of the development, where retail and dining sit alongside offices, hotels, residential communities, and cultural venues.
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