Diriyah Company Awards $600 Million Contract to Salini Saudi Arabia
Located at the heart of Diriyah, the City of Earth, Diriyah Square is a flagship retail district inspired by Najdi architectural heritage. The development will host 400 premium retail, dining, and leisure units, blending international luxury with local artisanal culture. This pedestrian-friendly district is designed to offer an exceptional customer experience and redefine the future of retail and lifestyle in Riyadh.
Webuild Group
This new contract marks the third major contribution from the Webuild Group to the Diriyah project. Salini is already progressing on several key components: Construction of a 10,500-space underground car park, set to be one of the largest globally.
Integration of bus stations, taxi and VIP drop-off points, and a four-lane underground gyratory system.
Near completion of structural engineering work for above-ground developments, including hotels, retail spaces, branded residences, offices, and the Grand Mosque.
Under this latest agreement, Salini will construct: 73 individual buildings
400 shell-and-core retail units
A total built-up area of 365,340 square meters
The project includes facades, finishes, and fit-outs for each unit, with all structures showcasing traditional Najdi design themes, creating a unique and walkable shopping environment.
Jerry Inzerillo, Group CEO of Diriyah Company, commented:
'Diriyah Square is one of our most anticipated and prestigious districts. Partnering with Salini brings global expertise to this critical milestone, preparing us to welcome millions of visitors and residents to this transformative retail destination.'
Pietro Salini, CEO of Webuild Group, added:
'We are proud to support such a culturally and strategically important project. This enhances our long-standing presence in the Kingdom and reaffirms our commitment to Saudi Arabia's future through complex infrastructure and sustainable development.' Diriyah Square
Diriyah Square will house 400 of the planned 1,000 outlets across the broader 14 km² Diriyah development, part of a SAR237 billion ($63.2 billion) masterplan. It will serve as a bridge between global luxury brands and local heritage, combining retail, culture, leisure, and entertainment.
Diriyah: Economic, Social Impact
Since its inception, Diriyah Company has awarded over SAR100 billion ($26 billion) in contracts, including SAR20 billion ($5 billion) in the first half of 2025 alone.
The broader Diriyah development is expected to: Contribute SAR70 billion ($18.6 billion) to Saudi Arabia's GDP
Create nearly 180,000 jobs
Become home to approximately 100,000 residents
Include offices for professionals in technology, media, education, and the arts
Key features of development include: Royal Diriyah Opera House
Diriyah Arena
Greg Norman-designed golf course in Wadi Safar
Royal Golf Club
Royal Equestrian & Polo Club
Museums and a university
World-class hotels and restaurants
Related Topics:
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Diriyah Unveils Revolutionary Media & Innovation Hub at MIPIM 2025
MBS Project Revitalizes Al-Oudah Mosque in Diriyah Under Historic Initiative
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Diriyah Company Awards $600 Million Contract to Salini Saudi Arabia
Diriyah Company has awarded a SAR2.249 billion ($600 million) construction contract to Salini Saudi Arabia, a subsidiary of the Webuild Group, for the development of the retail centerpiece within Diriyah Square. Located at the heart of Diriyah, the City of Earth, Diriyah Square is a flagship retail district inspired by Najdi architectural heritage. The development will host 400 premium retail, dining, and leisure units, blending international luxury with local artisanal culture. This pedestrian-friendly district is designed to offer an exceptional customer experience and redefine the future of retail and lifestyle in Riyadh. Webuild Group This new contract marks the third major contribution from the Webuild Group to the Diriyah project. Salini is already progressing on several key components: Construction of a 10,500-space underground car park, set to be one of the largest globally. Integration of bus stations, taxi and VIP drop-off points, and a four-lane underground gyratory system. Near completion of structural engineering work for above-ground developments, including hotels, retail spaces, branded residences, offices, and the Grand Mosque. Under this latest agreement, Salini will construct: 73 individual buildings 400 shell-and-core retail units A total built-up area of 365,340 square meters The project includes facades, finishes, and fit-outs for each unit, with all structures showcasing traditional Najdi design themes, creating a unique and walkable shopping environment. Jerry Inzerillo, Group CEO of Diriyah Company, commented: 'Diriyah Square is one of our most anticipated and prestigious districts. Partnering with Salini brings global expertise to this critical milestone, preparing us to welcome millions of visitors and residents to this transformative retail destination.' Pietro Salini, CEO of Webuild Group, added: 'We are proud to support such a culturally and strategically important project. This enhances our long-standing presence in the Kingdom and reaffirms our commitment to Saudi Arabia's future through complex infrastructure and sustainable development.' Diriyah Square Diriyah Square will house 400 of the planned 1,000 outlets across the broader 14 km² Diriyah development, part of a SAR237 billion ($63.2 billion) masterplan. It will serve as a bridge between global luxury brands and local heritage, combining retail, culture, leisure, and entertainment. Diriyah: Economic, Social Impact Since its inception, Diriyah Company has awarded over SAR100 billion ($26 billion) in contracts, including SAR20 billion ($5 billion) in the first half of 2025 alone. The broader Diriyah development is expected to: Contribute SAR70 billion ($18.6 billion) to Saudi Arabia's GDP Create nearly 180,000 jobs Become home to approximately 100,000 residents Include offices for professionals in technology, media, education, and the arts Key features of development include: Royal Diriyah Opera House Diriyah Arena Greg Norman-designed golf course in Wadi Safar Royal Golf Club Royal Equestrian & Polo Club Museums and a university World-class hotels and restaurants Related Topics: Diriyah Art Futures Launches New Exhibition for Digital Artists Diriyah Unveils Revolutionary Media & Innovation Hub at MIPIM 2025 MBS Project Revitalizes Al-Oudah Mosque in Diriyah Under Historic Initiative Short link : Post Views: 8
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JEDDAH: Saudi Arabia's Diriyah Square project has awarded a $600 million contract to Italian construction firm Webuild, marking a major step forward for the Kingdom's heritage-driven development. The contract, awarded to a subsidiary of the Italian group — Salini Saudi Arabia — covers the construction of 70 buildings and public spaces within the mixed-use development, which forms part of the broader Diriyah master plan. With this latest award, Webuild's total involvement in the sit, known as the City of Earth, now stands at roughly $2 billion, the company said in a statement. Diriyah Square is a central component of Diriyah Co.'s strategy to transform the historic district into a commercial, residential, and cultural hub. The project is one of five giga-projects backed by Saudi Arabia's Public Investment Fund, aimed at reshaping the Kingdom's economy and tourism offering under the Vision 2030 plan. Diriyah will contribute approximately SR70 billion ($18.6 billion) directly to the Kingdom's gross domestic product, create nearly 180,000 jobs and will be home to an estimated 100,000 people. Diriyah Co.'s group CEO Jerry Inzerillo said: 'Diriyah Square is one of our most exciting, anticipated and prestigious districts, and we are extremely pleased to have signed with Salini to deliver it, bringing their immense global experience to the table.' He added that this marks another important milestone in their development journey, paving the way for Diriyah Square's retail spaces to welcome a diverse range of visitors — from nearby residential communities and surrounding office hubs to the millions who visit each year. The contract covers Package 3 Finishing and mechanical, electrical, and plumbing, delivering a pedestrian-friendly environment in traditional Najdi style across 365,000 sq. meters. Webuild is also working on the 10,500-space underground parking facility, awarded in 2022 and currently 55 percent complete, alongside structural packages 3, 6, and 7. According to Diriyah Co., the project aims to create a retail district showcasing 400 brands across retail, leisure, and dining. In a statement released by Webuild, CEO Pietro Salini said: 'We are proud to be able to contribute to a project of such symbolic and strategic value for Saudi Arabia. Our presence in the Kingdom will be further strengthened by work that will have a positive impact on the area as well as the local community.' He added that the company has operated in Saudi Arabia since 1966 and has completed more than 90 projects. 'We continue to support the country to develop some of the most challenging infrastructure projects in the world, especially in sectors such as civil buildings, sustainable mobility, and desalination,' Salini said.
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Diriyah's world-class luxury hospitality offerings on show
Diriyah Company participated once again in ILTM Asia Pacific 2025, showcasing its premier luxury hospitality offerings for the business and tourism sectors. This year's ILTM Asia Pacific took place from June 30 to July 3 in Singapore. Throughout the event, Diriyah Company welcomed and engaged with stakeholders, investors, and travel specialists at its distinctively designed booth. Across Diriyah and the adjoining Wadi Safar development areas, nearly 40 world-class hotels and resorts are set to welcome tourists and business visitors, including some of Southeast Asia's most prestigious hospitality names: Anantara, Aman, Capella, Chedi, Raffles, Four Seasons, and Six Senses. In addition to the 202-room Raffles Hotel Diriyah, which features distinctive architectural designs inspired by Najdi heritage, Diriyah also launched the Raffles Residences Diriyah in November 2024, offering 90 apartments and townhouses, primarily featuring one-, two-, or three-bedroom residences, as well as seven spacious duplex homes. Additionally, the arrival of Capella Diriyah, with its 100 rooms, marks the brand's first opening in Saudi Arabia, blending local tradition with contemporary luxury. As the birthplace of Saudi Arabia three centuries ago, Diriyah is home to the beautifully restored At-Turaif UNESCO World Heritage Site, which has welcomed more than 3 million visitors since its opening in December 2022. Diriyah Company's participation in ILTM Asia Pacific highlighted its commitment to building new relationships and partnerships that will support its growing portfolio of hotels, restaurants, cafes, and cultural attractions that are designed to elevate Diriyah's position within the global luxury tourism landscape. Known as the City of Earth for its traditional mudbrick-inspired Najdi architecture, Diriyah will contribute approximately SR70 billion ($18.6 billion) directly to the Kingdom's GDP, create nearly 180,000 jobs and will be home to an estimated 100,000 people. It will also include modern office space for tens of thousands of professionals in technology, media, the arts and education, museums, a university, the Royal Diriyah Opera House, the Diriyah arena, world-class hotels, renowned local, global and regional restaurants, a Greg Norman designed championship golf course and the Royal Equestrian and Polo Club — Wadi Safar. Diriyah is projected to attract up to 50 million visits annually in the future. ILTM Asia Pacific is a premier event for luxury travel professionals targeting the expanding market beyond China. It offers curated meetings with top travel designers and hospitality brands.
