Latest news with #DiriyahMasterplan
Yahoo
15-07-2025
- Business
- Yahoo
Diriyah awards $600m contract to Salini Saudi Arabia for retail units
Diriyah Company has awarded a SR2.24bn ($600m) construction contract to Webuild Group subsidiary Salini Saudi Arabia for 400 retail units in the Diriyah Square retail precinct. This project aims to establish a retail district within the Diriyah Masterplan. Diriyah Square will feature a combination of leisure, retail, and dining brands. Salini's involvement marks its third major contribution to this flagship retail environment. Salini is already progressing with the construction of a 10,500-space car park beneath the square, which will include bus stations, taxi and VIP drop-off areas, and a four-lane underground gyratory. Additionally, the company is completing the structural engineering for Diriyah Square's above-ground assets, including its hotels, retail, offices, branded residences, and a mosque. Diriyah Company group CEO Jerry Inzerillo said: 'It is yet another significant milestone in our development journey and will help set the stage for Diriyah Square's retail spaces to welcome a diverse array of shoppers from our residential communities, surrounding office spaces and the millions who visit us every year.' The contract involves constructing 73 buildings and 400 shell and core retail units over a 365,340m² built-up area. The project includes finishes, facades, and fit-outs, all reflecting traditional Najdi architectural themes to create a pedestrianised retail environment. Webuild CEO Pietro Salini said: 'The Webuild Group has been present in Saudi Arabia since 1966, delivering more than 90 projects. We remain committed to supporting the kingdom in developing some of the world's most complex infrastructure projects, particularly in areas such as civil buildings, sustainable mobility, and desalination.' Diriyah Square will host 400 of the estimated 1,000 outlets that are planned across the 14km² development area of the wider SR237bn project. "Diriyah awards $600m contract to Salini Saudi Arabia for retail units" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Mid East Info
14-07-2025
- Automotive
- Mid East Info
Diriyah Company Announces $600 Million Construction Contract Award to Salini Saudi Arabia, a subsidiary of the Webuild Group, for Construction of 400 Retail Units in Diriyah Square
Construction Contract for flagship Diriyah Square retail district includes 73 individual buildings and 400 shell and core retail units over a built-up area of 365,340m2 Construction Contract awarded to Salini Saudi Arabia (a subsidiary of the Webuild Group). The announcement marks a significant milestone in creating Diriyah's premium lifestyle retail experience with 400 iconic retail brands and dining outlets. Diriyah,July 2025: Diriyah Company has announced the award of a major new $600 million (SAR 2.249 billion) contract for construction work on the high-profile Diriyah Square retail precinct to Salini Saudi Arabia (a subsidiary of the Webuild Group). Diriyah Square is situated at the heart of Diriyah, the City of Earth, the unique Najdi-inspired architectural Diriyah Masterplan. It is designed to develop a vibrant retail district featuring a mix of 400 iconic retail, leisure and dining brands. This district will emphasize exceptional customer experiences, focusing on pedestrians and offering unparalleled shopping, dining, and living opportunities. Diriyah Square aims to pioneer the future retail and leisure landscape of Diriyah, and more broadly, Riyadh. This marks the third major involvement of Webuild Group in helping to create the unique flagship retail environment in Diriyah. Salini is already well advanced in building a 10,500-space car park underneath Diriyah Square, which will be among the largest in the world. The car park will incorporate bus stations, dedicated taxi and VIP drop-off areas, and an underground four-lane gyratory connecting the subterranean Masterplan, providing best-in-class vehicle access and customer parking experiences across Diriyah Square. Salini is also in the process of completing the structural engineering for all the Diriyah Square assets above ground, including the Retail, Hotels, Branded Residences, Offices and Grand Mosque. The contract for the development of the retail district includes building 73 individual buildings and 400 shell and core retail units over a built-up area of 365,340m2 and includes the facades, finishes and fit-outs of the units. Every building will use traditional Najdi architectural design themes to create a unique pedestrianized retail environment in the heart of Diriyah reflecting 300-years of history and heritage. Commenting on the latest contract award, Diriyah Company 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. It is yet another significant milestone in our development journey and will help set the stage for Diriyah Square's retail spaces to welcome a diverse array of shoppers from our residential communities, surrounding office spaces and the millions who visit us every year. ' Pietro Salini, CEO of Webuild, added: 'We are proud to contribute to a project of such symbolic and strategic importance to Saudi Arabia. This will further strengthen our presence in the Kingdom and positively impact both the area and the local community. We are excited about developing this new phase of Diriyah Square, an integral part of an iconic project. The Webuild Group has been present in Saudi Arabia since 1966, delivering more than 90 projects. We remain committed to supporting the Kingdom in developing some of the world's most complex infrastructure projects, particularly in areas such as civil buildings, sustainable mobility, and desalination.' Diriyah Square is the retail heart of Diriyah, the City of Earth, connecting the world's finest brands with local artisan goods, and culture with leisure and entertainment. It hosts 400 of the total estimated 1000 outlets planned across the 14 square kilometer development area of the SAR 237 billion ($63.2 billion) project. With this award, Diriyah Company has reached over SAR 100 billion ($ 26 billion) in contract awards since inception with SAR 20 billion ($ 5 billion) in the first half of 2025. Diriyah, the City of Earth will contribute approximately $18.6 billion (SAR 70 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, restaurants, the Royal Golf Club, Wadi Safar alongside the Greg Norman designed championship golf course and the Royal Equestrian & Polo Club, Wadi Safar. 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 more than 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 launched in January 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, Diriyah Company's 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. About Webuild: Webuild is a global leader in the design and construction of large, complex infrastructure projects in sustainable mobility, hydropower, water treatment, and green buildings. A recognized leader in the water sector, it works in approximately 50 countries with over 92,000 people of 125 different nationalities. The Group boasts nearly 120 years of applied engineering on more than 3,700 completed projects, with a track record of 13,648 kilometres of railways, 891 kilometres of metro lines, 82,577 kilometres of roads and highways, 1,022 kilometres of bridges and viaducts, 3,462 kilometres of tunnels, and 318 dams and hydropower plants. Among its most famous projects: the expansion of the Panama Canal, the Long Beach International Gateway bridge in California, the Third Bosphorus Bridge in Turkey, the Sydney Metro Northwest skytrain viaduct and bridge, the Kingdom Centre skyscraper in Riyadh, Saudi Arabia, and numerous metro lines in Copenhagen, Paris, Rome, Milan, Naples, Doha, Thessaloniki, and Riyadh. Among the main ongoing projects, the following stand out: the New Genoa Breakwater, the Brenner Base Tunnel, the Pedemontana Lombarda Highway, Line C of Rome's metro network, the high-capacity railways between Genoa and Milan, the high-speed railway between Naples and Bari, the Palermo-Catania-Messina high-capacity railway, the Snowy 2.0 hydropower scheme in Australia, and the Trojena dam network in Saudi Arabia. As of December 31, 2024, the Webuild Group registered total revenues for €12 billion and a total backlog of €63 billion, with more than 90% of its construction backlog related to projects linked to the United Nations Sustainable Development Goals (SDGs). Webuild, subject to the direction and coordination of Salini Costruttori S.p.A., is headquartered in Italy, is listed on the Milan Stock Exchange, Borsa Italiana (WBD; WBD:IM), and since 2021, it is included in the MIB ESG index of the Italian blue-chip companies with the best ESG practices.
CairoScene
20-06-2025
- Business
- CairoScene
Diriyah House Brings the Kingdom's History to London
This initiative supports the global strategy to raise awareness and build partnerships. Diriyah House will host events, exhibitions, and engagements to attract investment and tourism before openings. Diriyah Company has launched 'Diriyah House' in London's exclusive One Hyde Park, as part of its strategy to expand global outreach and attract foreign investment to Saudi Arabia's flagship cultural destination. Situated in Knightsbridge, the facility is designed to serve as an immersive marketing platform introducing investors and stakeholders to the Diriyah Masterplan — the comprehensive development set to transform the historic Saudi city into a world-leading heritage destination. Projected to welcome over 50 million visits annually by 2030, Diriyah is a cornerstone of Saudi Arabia's Vision 2030, rooted in the Kingdom's cultural identity and history. The newly unveiled Diriyah House offers a state-of-the-art marketing suite that features interactive content and digital visualisations aligned with global investor expectations. 'We are thrilled to launch the Diriyah House in the heart of London, where our team will present Diriyah's story on a global stage through a distinctive experience worthy of its heritage," Group CEO Jerry Inzerillo said. "This step advances our international reach as we build one of the world's most iconic destinations rooted in the Kingdom's history, culture, and identity.' Diriyah House is set to officially open in early July 2025 in partnership with Sotheby's International Realty, which will operate the facility.
Leaders
18-06-2025
- Business
- Leaders
‘Diriyah House' Launched in London to Enhance Global Presence
Diriyah Company has announced the opening of Diriyah House at One Hyde Park in Knightsbridge, London—an initiative aimed at expanding its international footprint and attracting global investment. Positioned as a dynamic marketing hub, Diriyah House offers immersive experiences for investors and stakeholders interested in Diriyah, a premier cultural destination in Riyadh, Saudi Arabia, which is expected to welcome over 50 million visits annually by 2030. Diriyah Company The space includes a state-of-the-art marketing suite featuring the Diriyah Masterplan, along with interactive displays that allow visitors to engage with the project's vision and components in an innovative, globally appealing format. 'Our team is proud to unveil Diriyah House in the heart of London, bringing Diriyah's story to a global audience through a compelling, immersive experience that honors its heritage,' said Jerry Inzerillo, Group CEO of Diriyah Company. 'This initiative represents a significant step in strengthening our international presence as we develop one of the world's most iconic cultural destinations rooted in Saudi Arabia's history and identity.' Diriyah House is scheduled to officially open in early July 2025 in collaboration with Sotheby's International Realty, which will manage the facility. Related Topics : Diriyah Celebrates Eid Al-Adha with Vibrant Festivities Layali Diriyah: Immersive Cultural and Culinary Experiences Saudi Coffee Company Launches New Competition in Southern Region Saudi Arabia Showcases Mining Exploration Opportunities to Leading UK Firms Short link : Post Views: 53 Related Stories
Zawya
08-04-2025
- Business
- Zawya
Turner & Townsend lead management consultant for Diriyah project in Saudi
Turner & Townsend, the global professional services company, has been appointed as the project management and construction management consultant for Diriyah's Northern District, a major development that will enrich the cultural and knowledge landscape of the Kingdom of Saudi Arabia. The Northern District is a planned global centre of learning for scholars, students, and visionaries, and a cornerstone of the broader $63.2 billion (SAR236 billion) Diriyah Masterplan covering a 14 sq km area on the outskirts of Riyadh. Diriyah, The City of Earth, will generate an estimated 178,000 jobs, provide homes for nearly 100,000 residents, attract 50 million visits each year, and is predicted to contribute approximately $18.6 billion directly to Saudi Arabia's GDP once completed. Designed to be a hub for knowledge, learning, and creativity, the Northern District will feature museums, a university, and a library, with a hotel around the district's public square, offering magnificent views of At-Turaif, the Unesco World Heritage Site and Wadi Hanifah. Since joining the project in March 2024, Turner & Townsend has worked to manage a smooth transition into the next phase of development, including the appointment of the full-service general contractor appointed across the district. Valued at $2 billion and spanning 172,000 sq m of gross floor area (GFA), construction is scheduled to last three years. At its peak it will see 250 consultants from Turner & Townsend and its sub-consultants working across the project. Jerry Inzerillo, Group CEO, Diriyah Company, said: "The Northern District is a vital component of the Diriyah masterplan that exemplifies the richness and diversity of The City of Earth. Our collaboration with Turner & Townsend marks another major milestone in our efforts to develop Diriyah into a global gathering place that honors 300 years history, heritage and culture." Mark Hamill, Regional Real Estate and Major Programs Lead, Turner & Townsend, Middle East, said: "Our collaboration with Diriyah Company on the Northern District project is creating a premier global hub for cultural, educational, and economic excellence." "The development will attract millions of visitors and generate thousands of jobs, and as Diriyah evolves into an authentic Najdi-style mixed-use urban community, the Northern District will play a pivotal role in enriching the cultural and educational landscape of the Kingdom of Saudi Arabia," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
