Latest news with #Diriyah
Zawya
2 hours ago
- Business
- Zawya
Saudi's Diriyah awards $1.53bln contract to Chinese contractor
Saudi's Diriyah Company has awarded a contract worth 5.75 billion Saudi riyals ($1.53 billion) to China Harbour Engineering Company for the construction works of the arena block, which includes Diriyah Arena, three mixed-use office buildings, and a parking facility. The arena has a gross floor area (GFA) of nearly 74,000 square metres (sqm) and is designed as a flexible and scalable venue to accommodate events such as concerts, sporting events, esports competitions, exhibitions, and live shows. The arena, designed by US architecture firm HKS, has a capacity of 20,000 spectators. Additionally, the work scope encompasses building three mixed-use office plots spanning an area of 114,000 sqm and developing over 4,000 parking spaces within the district. In December 2024, Diriyah awarded a SAR 758.5 million contract to China Harbour Engineering Company for bulk excavation works. On Monday, Diriyah had awarded a $600 million construction contract to Italian contractor Webuild for Diriyah Square. Backed by the Public Investment Fund (PIF), the Diriyah mega urban development is expected to contribute SAR 70 billion directly to Saudi Arabia's GDP, according to past statements. (Editing by Anoop Menon) (
Zawya
4 hours ago
- Business
- Zawya
Diriyah awards $1.53bln contract to develop mixed-use Arena district in Saudi
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has awarded a contract worth $1.53 billion to Branch of China Harbour Engineering Company for the construction works of the Arena Block, a district that includes the multi-purpose indoor Diriyah Arena, three mixed-use office buildings, and a parking facility. With a gross floor area (GFA) of 74,000 sq m, Diriyah Arena is designed as a flexible and scalable venue to accommodate events such as concerts, sporting events, esports competitions, exhibitions, and live shows. It will have a seating capacity of 20,000 spectators. Designed by renowned global architecture firm HKS Inc., the Diriyah Arena's design draws inspiration from the natural geology surrounding Diriyah, while honoring traditional Najdi architectural elements, creating a harmonious blend of heritage and modernity. The Diriyah Arena will enhance the quality of life in Diriyah by providing a space for residents and visitors to enjoy events, fostering community spirit, and contributing to overall well-being. In addition to the Diriyah Arena, the Arena Block development will include three mixed-use office plots designed by international architects John McAslan + Partners, covering approximately 114,000 square meters, supported by state-of-the-art technology and infrastructure. The contract also includes over 4,000 parking spaces to support both Diriyah Arena events and office facilities. Group CEO Jerry Inzerillo said: "The iconic Diriyah Arena will be a landmark entertainment complex in Diriyah that reinforces the City of Earth's growing global role in shaping Saudi Arabia's artistic and cultural future, in alignment with Vision 2030." "By attracting both residents and global visitors to experience world-class sports and performances, the Diriyah Arena firmly demonstrates our commitment to creating a world-leading gathering place. It also highlights the rapid progress we are making in developing a diverse range of assets across the Diriyah project," he stated. On the project contract, Yang Zhiyuan, CEO of China Harbour Engineering Company (Middle East), said: "This award marks a significant milestone for CHEC in the Kingdom of Saudi Arabia. CHEC will bring to the project a wealth of global experience, technical expertise, and a proven track record in delivering the complex." "We will mobilise the best resources and talents from across our international network and strive for excellence to ensure the successful and timely delivery of this world-class Arena. We remain committed to delivering excellence in support of Vision 2030. We are deeply proud to be part of it," he stated. This contract is the latest in a series of major announcements so far in 2025 as Diriyah Company continues to accelerate its development program for Diriyah, realizing milestone after milestone. Last year too, China Harbour Engineering Company secured a contract worth $202 million from Diriyah Company for providing bulk excavation works. The Diriyah Arena will join world-class cultural and entertainment assets in Diriyah including the Royal Diriyah Opera House, nine museums, and academies, all featuring Najdi architectural elements inspired by the At Turaif Unesco World Heritage Site. Backed by the PIF, Diriyah is a large-scale urban development project spanning 14-sq km that will include homes for approximately 100,000 residents, generate over 178,000 jobs, host approximately 50 million annual visits, and contribute around $18.6 billion directly to Saudi Arabia's GDP.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. ( RIYADH
Zawya
18 hours ago
- Business
- Zawya
Diriyah Company announces $1.53bln construction contract for The Diriyah Arena Superblock
Branch of China Harbour Engineering Company Ltd will undertake the construction works for Diriyah Arena, three office buildings, and parking for 4,000 vehicles, marking another major milestone in Diriyah's transformation into a world-class cultural and lifestyle destination. The new 20,000-seat Diriyah Arena will anchor a dynamic mixed-use complex blending heritage and innovation, designed to host concerts, sports, and global events. DIRIYAH, Diriyah Company has awarded a contract worth $1.53 billion (SAR 5.75 billion) to Branch of China Harbour Engineering Company Ltd for the construction works of the Arena Block, a district that includes the multi-purpose indoor Diriyah Arena, three mixed-use office buildings, and a parking facility. Diriyah Arena will have a gross floor area (GFA) of approximately 74,000 square meters and is designed as a flexible and scalable venue to accommodate events such as concerts, sporting events, esports competitions, exhibitions, and live shows. With a seating capacity of 20,000 spectators, it aims to attract residents and visitors from around the world. Designed by renowned global architecture firm HKS Inc., the Diriyah Arena's design draws inspiration from the natural geology surrounding Diriyah, while honoring traditional Najdi architectural elements, creating a harmonious blend of heritage and modernity. The Diriyah Arena will enhance the quality of life in Diriyah by providing a space for residents and visitors to enjoy events, fostering community spirit, and contributing to overall well-being. In addition to the Diriyah Arena, the Arena Block development will include three mixed-use office plots designed by international architects John McAslan + Partners, covering approximately 114,000 square meters, supported by state-of-the-art technology and infrastructure. The contract also includes over 4,000 parking spaces to support both Diriyah Arena events and office facilities. Jerry Inzerillo, Group CEO of Diriyah Company, said: 'The iconic Diriyah Arena will be a landmark entertainment complex in Diriyah that reinforces the City of Earth's growing global role in shaping Saudi Arabia's artistic and cultural future, in alignment with Vision 2030. By attracting both residents and global visitors to experience world-class sports and performances, the Diriyah Arena firmly demonstrates our commitment to creating a world-leading gathering place. It also highlights the rapid progress we are making in developing a diverse range of assets across the Diriyah project.' Yang Zhiyuan, CEO of China Harbour Engineering C ompany Ltd.(Middle East), said: 'This award marks a significant milestone for CHEC in the Kingdom of Saudi Arabia. CHEC will bring to the project a wealth of global experience, technical expertise, and a proven track record in delivering the complex. We will mobilize the best resources and talents from across our international network and strive for excellence to ensure the successful and timely delivery of this world-class Arena. We remain committed to delivering excellence in support of Vision 2030. We are deeply proud to be part of it.' This contract is the latest in a series of major announcements so far in 2025 as Diriyah Company continues to accelerate its development program for Diriyah, realizing milestone after milestone. In addition to this contract, December 2024 saw China Harbour Engineering Company awarded a $202.2 million (SAR 758.5) million contract by Diriyah Company for bulk excavation works. The Diriyah Arena will join world-class cultural and entertainment assets in Diriyah including the Royal Diriyah Opera House, nine museums, and academies, all featuring Najdi architectural elements inspired by the At-Turaif UNESCO World Heritage Site. Backed by the Public Investment Fund (PIF), Diriyah is a large-scale urban development project spanning 14-square kilometers that will include homes for approximately 100,000 residents, generate over 178,000 jobs, host approximately 50 million annual visits, and contribute around $18.6 billion (SAR 70 billion) directly to Saudi Arabia's GDP. About Diriyah Diriyah, Saudi Arabia's premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia's 2030 Vision. A short 15-minute drive from Riyadh's city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah's centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766. Upon completion, Diriyah will host 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh's new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah's development provides a dynamic environment that celebrates Saudi Arabia's rich cultural history. About Diriyah Company Diriyah Company was established in 2023 and joined the Public Investment Fund's (PIF) portfolio of giga projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, 'The City of Earth', while adhering to the highest design, development, and preservation standards. The company ensures Diriyah's cultural landmarks are complemented by world-class retail offerings, fine-dining experiences and leading hospitality brands. As a PIF company, its mission focuses on opportunities in development, hospitality, investment, retail and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world's greatest gathering places.
Leaders
2 days ago
- Business
- Leaders
Diriyah Dates Season Showcases Saudi Heritage and Global Growth
Diriyah's vibrant Dates Season launched this week, spotlighting Saudi Arabia's booming date sector and its deep-rooted heritage. Diriyah Governor Prince Fahd bin Saad bin Abdullah commended the Ministry of Environment, Water and Agriculture for elevating date production and quality, aligning with national goals. The ministry's support programs and value-added initiatives have empowered farmers while boosting exports. In 2024, production soared to 1.9 million tonnes, with $453 million worth of dates shipped to 133 countries—a sharp rise from 2023. This growth underscores Saudi Arabia's commitment to agricultural innovation. Cultural Heritage Meets Modern Innovation Hosted by the National Center for Palms and Dates until July 24, the event blends tradition with modernity. Visitors explore Diriyah's heritage through cultural displays, workshops, and a horse parade. Artisans showcase palm-based crafts, celebrating the Year of Handicrafts in a dedicated ministry booth. The exhibition highlights Saudi Arabia's agricultural supply chain. Stalls feature fresh dates, processed goods, and by-products, alongside family-run businesses. Food trucks, cafes, and interactive workshops cater to all ages, while a date auction zone drives excitement. Vision 2030 Sweetens the Deal Government efforts to enhance quality, expand markets, and streamline logistics are paying off. By integrating technology and sustainable practices, Saudi dates now grace tables worldwide. This season not only honors tradition but also fuels economic diversification under Vision 2030. With record production and global demand rising, Diriyah's Dates Season proves Saudi agriculture is ripe for the future. Short link :
Arab News
2 days ago
- Business
- Arab News
Diriyah Dates Season celebrates sector's growth and heritage
RIYADH: Diriyah Gov. Prince Fahd bin Saad bin Abdullah has praised the Ministry of Environment, Water and Agriculture for developing the date production sector in the Kingdom and enhancing the quality of dates as a national product. He highlighted the ministry's support programs for farmers and initiatives that add value to dates, aligning with Vision 2030 goals, the Saudi Press Agency reported. His remarks came during the inauguration of the Diriyah Dates Season and accompanying exhibition, which runs until July 24. The event, organized by the National Center for Palms and Dates, aims to boost the sale of Saudi dates locally and globally, and provide an insight into Diriyah's heritage through cultural and social activities. The exhibition features booths for date vendors, processed date products, palm by-products and items from family-run cottage industries. It also has restaurants, cafes, food trucks, workshops for adults and children, a date auction zone and a horse parade. The Ministry of Culture is also represented with a booth showcasing artisans specializing in palm-based crafts as part of the Year of Handicrafts. The Kingdom's palm and date sector is growing rapidly. According to figures from the General Authority for Statistics production surpassed 1.9 million tonnes in 2024, with SR1.7 billion ($453 million) worth of dates exported to 133 countries, up significantly from the previous year. This growth reflects the Kingdom's strong production capacity and government efforts to improve quality, expand global outreach and develop supply chains.
