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Mid East Info
17-04-2025
- Business
- Mid East Info
Diriyah Company Awards Construction Contract Worth $1.4 billion (SAR 5.1 billion) to Build the Iconic Royal Diriyah Opera House
The 2,000-seat main auditorium is set to become the principle opera and performing arts space in the Kingdom of Saudi Arabia The construction contract awarded to a joint venture comprising El Seif Engineering Contracting, China State Construction Engineering Corporation, and Midmac Construction Company New flagship cultural destination to be operated by Royal Commission for Riyadh City Contract marks another major milestone for Diriyah Company in building The City of Earth DIRIYAH: Diriyah Company has awarded a $1.4 billion (SAR 5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets. The contract was awarded to a joint venture comprising El Seif Engineering Contracting Co. Ltd., (ESEC), China State Construction Engineering Corporation Ltd. (CSCEC) and Midmac Construction Co. Ltd. Diriyah Company's Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a signing ceremony held recently to mark this latest milestone on Diriyah's development journey, including a series of other major project announcements made during the first quarter of 2025. The Royal Diriyah Opera House will become Diriyah's flagship performing arts venue and a major architectural landmark, setting new benchmarks for cultural performances in Saudi Arabia. With a capacity of 2,000 people, the main opera auditorium will become the focal point of the venue that will be managed by the Royal Commission for Riyadh City. The venue is capable of accommodating and staging the largest international touring opera, theatrical and musical performances in a unique, intimate and engaging space bringing artists and the audience together. The Royal Diriyah Opera House will also include a 450-seat studio theater, a shaded rooftop amphitheater with 450 seats and multipurpose halls taking the total seating capacity to 3,100 seats. The contract also covers the construction of additional assets in the opera house district, including one of Diriyah's five star hospitality assets and a mixed-use residential complex. This contract is the latest in a series of major announcements signed in 2025, including: The launch of the high-profile Media and Innovation District at MIPIM in Cannes Awarding a $113.6 million (SAR 426.3 million) architecture and design contract to Omrania, the Kingdom Tower architects, for buildings around Diriyah's main iconic avenue Opening of two major electricity substations, the 1707 MVA-capacity Bulk Substation and 200 MVA-capacity Primary Substation, operated by the Saudi Electricity Company The appointment of Giza Systems as the delivery partner for Diriyah's Smart City initiative The selection of IBM Maximo Application Suite to monitor and manage assets across Diriyah to enhance its Smart City capabilities The launch of Saudi Arabia's first Armani branded residences The opening of Taleed – globally renowned chef Michael Mina's first Michelin-starred restaurant in Saudi Arabia at the 134-room Luxury Collection hotel, Bab Samhan The Royal Diriyah Opera House was designed by renowned Norwegian architects Snøhetta and will feature a contemporary Najdi aesthetic, using materials such as palm, stone, and earth. The design will prioritize sustainability, incorporating water conservation, natural lighting, strategic building orientation, and thermal comfort measures. Set to become an international theatrical powerhouse, the Royal Diriyah Opera House will help anchor Diriyah's place as the Kingdom's cultural epicenter and a globally competitive destination for the arts, positioning Diriyah as a key player in shaping the future of performance and cultural infrastructure. Jerry Inzerillo, Group CEO of Diriyah Company, said: 'The Royal Diriyah Opera House will be a landmark asset in Diriyah reinforcing Diriyah's growing global role in shaping Saudi Arabia's artistic and cultural future, aligned with Vision 2030. This contract demonstrates our progress, building a diverse range of assets across the Diriyah development area. This beautiful, iconic asset will play a vital role in bringing people together in of the world's greatest gathering places to experience unforgettable performances.' Khalid Alhazani, Executive Vice President of Riyadh Life Sector, Royal Commission for Riyadh City added: 'This agreement marks a major milestone in building this world-class operatic venue. We are excited to have the opportunity to welcome the world's leading operatic and artistic talent in the future and ensure that the Royal Diriyah Opera House can incubate and empower the wonderful range of homegrown talent we have in the Kingdom.' Backed by the Public Investment Fund, Diriyah is an integrated urban development project that will, once completed, provide homes for almost 100,000 residents, office space for tens of thousands of professionals in the technology, media, arts and education sectors, create an estimated 178,000 jobs, attract almost 50 million annual visits, and contribute approximately USD 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 nearly 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, education, 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.
Arabian Business
17-04-2025
- Business
- Arabian Business
Diriyah Opera House awards $1.4bn contract to build iconic theatre in Saudi Arabia
Diriyah Company has signed a $1.4bn (SR5.1bn) contract for the development of its iconic Royal Diriyah Opera House. The joint venture is signed with: El Seif Engineering Contracting Co (ESEC) Midmac Construction Co China State Construction Engineering Corporation (CSCEC) The high-profile contract is the latest in a series of major project announcements made during the first quarter of 2025 as Diriyah Company continues its development program for Diriyah on the outskirts of Riyadh. Royal Diriyah Opera House in Saudi Arabia Diriyah Company's Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a formal ceremony to mark this latest milestone in Diriyah's ongoing construction momentum. The opera house will become Diriyah's flagship performing arts venue and a major architectural landmark, setting new benchmarks for cultural performances in Saudi Arabia. With a capacity of 2,000 people, the main opera theatre will be the largest in Saudi Arabia and the focal point of the venue that will be managed by the Royal Commission for Riyadh City. The Royal Diriyah Opera House will also include a studio theatre, shaded rooftop amphitheatre and multipurpose halls taking the total seating capacity to 3,100 seats. It is the latest in a series of major announcements in 2025 including: The launch of the high-profile Media and Innovation District at MIPIM in Cannes Awarding a $113.6m (SR426.3m) architecture and design contract to Omrania, the Kingdom Tower architects, for buildings around Diriyah's main iconic avenue Awarding key electricity sub stations contracts by the Saudi Electric Company with a combined value of $310.9m (SR1.2bn) The appointment of Giza Systems as the delivery partner for Diriyah's Smart City initiative The selection of IBM Maximo Application Suite to monitor and manage assets across Diriyah to enhance its Smart City capabilities The launch of Saudi Arabia's first Armani branded residences The opening of Taleed – globally renowned chef Michael Mina's first Michelin-starred restaurant in Saudi Arabia at the 134-room hotel Bab Samhan, a Luxury Collection The opera house has been designed by renowned Norwegian architects Snøhetta Oslo AS and will feature a contemporary Najdi aesthetic, using materials such as palm, stone, and earth. The design will prioritise sustainability, incorporating water conservation, natural lighting, strategic building orientation, and thermal comfort measures. The design and engineering team supporting Snohetta includes Schlaich Bergermann Partner on structures and facades, Buro Happold and Saudi Diyar on MEP, Theatre Projects as theatre consultants and acousticians, JLL as cost consultants and supported by Plan A design management. Set to become an international theatrical powerhouse, the Royal Diriyah Opera House will help to anchor Diriyah's place as the Kingdom's cultural epicenter and a globally competitive destination for the arts. It positions Diriyah as a key player in shaping the future of performance and cultural infrastructure. Jerry Inzerillo, Group CEO of Diriyah Company, said: 'The Royal Diriyah Opera House will be a landmark asset at Diriyah that will reinforce Diriyah's growing global role in shaping Saudi Arabia's artistic and cultural future, aligned with Vision 2030. 'This contract demonstrates our progress, building a diverse range of assets across the Diriyah development area. 'This beautiful, iconic asset will play a vital role in bringing people together in of the world's greatest gathering places to experience unforgettable performances.' Khalid Alhazani, Executive Vice President of Riyadh Life Sector, Royal Commission for Riyadh City added: 'This agreement marks a major milestone in building this world-class operatic venue. We are excited to have the opportunity to welcome the world's leading operatic and artistic talent in the future and ensure that the Royal Diriyah Opera House can incubate and empower the wonderful range of homegrown talent we have in the Kingdom.' Backed by the Public Investment Fund, Diriyah is an integrated urban development project that will, once completed, provide homes for over 100,000 residents, office space for tens of thousands of professionals in the technology, media, arts and education sectors, create an estimated 178,000 jobs, attract 50m annual visits, and contribute $18.6bn (SR70bn) directly to Saudi Arabia's GDP.
Zawya
17-04-2025
- Business
- Zawya
Saudi: Diriyah awards $1.4bln deal for Opera House construction
Saudi Arabia - Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has awarded a $1.4 billion (SAR5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets. The contract was awarded to a joint venture comprising El Seif Engineering Contracting Company (ESEC), China State Construction Engineering Corporation (CSCEC) and Midmac Construction Company. Diriyah Company's Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a ceremony held recently to mark this latest milestone on Diriyah's development journey, including a series of other major project announcements made during the first quarter of 2025. The Royal Diriyah Opera House will become Diriyah's flagship performing arts venue and a major architectural landmark, setting new benchmarks for cultural performances in Saudi Arabia. With a capacity of 2,000 people, the main opera auditorium will become the focal point of the venue that will be managed by the Royal Commission for Riyadh City. The venue is capable of accommodating and staging the largest international touring opera, theatrical and musical performances in a unique, intimate and engaging space bringing artists and the audience together. The Royal Diriyah Opera House will also include a 450-seat studio theatre, a shaded rooftop amphitheatre with 450 seats and multipurpose halls taking the total seating capacity to 3,100 seats. The contract also covers the construction of additional assets in the opera house district, including one of Diriyah's five star hospitality assets and a mixed-use residential complex. This contract is the latest in a series of major announcements signed in 2025, including: • The launch of the high-profile Media and Innovation District; • Awarding a $113.6 million architecture and design contract to Omrania, the Kingdom Tower architects, for buildings around Diriyah's main iconic avenue; • Opening of two major electricity substations, the 1707 MVA-capacity Bulk Substation and 200 MVA-capacity Primary Substation, operated by the Saudi Electricity Company; • The appointment of Giza Systems as the delivery partner for Diriyah's Smart City initiative; • The selection of IBM Maximo Application Suite to monitor and manage assets across Diriyah to enhance its Smart City capabilities; • The launch of Saudi Arabia's first Armani branded residences; • The opening of Taleed – globally renowned chef Michael Mina's first Michelin-starred restaurant in Saudi Arabia at the 134-room Luxury Collection hotel, Bab Samhan. The Royal Diriyah Opera House was designed by renowned Norwegian architects Snøhetta and will feature a contemporary Najdi aesthetic, using materials such as palm, stone, and earth. The design will prioritize sustainability, incorporating water conservation, natural lighting, strategic building orientation, and thermal comfort measures. Set to become an international theatrical powerhouse, the Royal Diriyah Opera House will help anchor Diriyah's place as the kingdom's cultural epicenter and a global destination for the arts, positioning Diriyah as a key player in shaping the future of performance and cultural infrastructure. Inzerillo said: 'The Royal Diriyah Opera House will be a landmark asset in Diriyah reinforcing Diriyah's growing global role in shaping Saudi Arabia's artistic and cultural future, aligned with Vision 2030. This contract demonstrates our progress, building a diverse range of assets across the Diriyah development area. This beautiful, iconic asset will play a vital role in bringing people together in of the world's greatest gathering places to experience unforgettable performances.' Khalid Alhazani, Executive Vice President of Riyadh Life Sector, Royal Commission for Riyadh City, added: 'This agreement marks a major milestone in building this world-class operatic venue. We are excited to have the opportunity to welcome the world's leading operatic and artistic talent in the future and ensure that the Royal Diriyah Opera House can incubate and empower the wonderful range of homegrown talent we have in the Kingdom.' Backed by the Public Investment Fund, Diriyah is an integrated urban development project that will, once completed, provide homes for almost 100,000 residents, office space for tens of thousands of professionals in the technology, media, arts and education sectors, create an estimated 178,000 jobs, attract almost 50 million annual visits, and contribute approximately $18.6 billion (SAR70 billion) directly to Saudi Arabia's GDP. - TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
17-04-2025
- Business
- Trade Arabia
Diriyah awards $1.4bn deal for Opera House construction
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has awarded a $1.4 billion (SAR5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets. The contract was awarded to a joint venture comprising El Seif Engineering Contracting Company (ESEC), China State Construction Engineering Corporation (CSCEC) and Midmac Construction Company. Diriyah Company's Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a ceremony held recently to mark this latest milestone on Diriyah's development journey, including a series of other major project announcements made during the first quarter of 2025. The Royal Diriyah Opera House will become Diriyah's flagship performing arts venue and a major architectural landmark, setting new benchmarks for cultural performances in Saudi Arabia. With a capacity of 2,000 people, the main opera auditorium will become the focal point of the venue that will be managed by the Royal Commission for Riyadh City. The venue is capable of accommodating and staging the largest international touring opera, theatrical and musical performances in a unique, intimate and engaging space bringing artists and the audience together. The Royal Diriyah Opera House will also include a 450-seat studio theatre, a shaded rooftop amphitheatre with 450 seats and multipurpose halls taking the total seating capacity to 3,100 seats. The contract also covers the construction of additional assets in the opera house district, including one of Diriyah's five star hospitality assets and a mixed-use residential complex. This contract is the latest in a series of major announcements signed in 2025, including: • The launch of the high-profile Media and Innovation District; • Awarding a $113.6 million architecture and design contract to Omrania, the Kingdom Tower architects, for buildings around Diriyah's main iconic avenue; • Opening of two major electricity substations, the 1707 MVA-capacity Bulk Substation and 200 MVA-capacity Primary Substation, operated by the Saudi Electricity Company; • The appointment of Giza Systems as the delivery partner for Diriyah's Smart City initiative; • The selection of IBM Maximo Application Suite to monitor and manage assets across Diriyah to enhance its Smart City capabilities; • The launch of Saudi Arabia's first Armani branded residences; • The opening of Taleed – globally renowned chef Michael Mina's first Michelin-starred restaurant in Saudi Arabia at the 134-room Luxury Collection hotel, Bab Samhan. The Royal Diriyah Opera House was designed by renowned Norwegian architects Snøhetta and will feature a contemporary Najdi aesthetic, using materials such as palm, stone, and earth. The design will prioritize sustainability, incorporating water conservation, natural lighting, strategic building orientation, and thermal comfort measures. Set to become an international theatrical powerhouse, the Royal Diriyah Opera House will help anchor Diriyah's place as the kingdom's cultural epicenter and a global destination for the arts, positioning Diriyah as a key player in shaping the future of performance and cultural infrastructure. Inzerillo said: 'The Royal Diriyah Opera House will be a landmark asset in Diriyah reinforcing Diriyah's growing global role in shaping Saudi Arabia's artistic and cultural future, aligned with Vision 2030. This contract demonstrates our progress, building a diverse range of assets across the Diriyah development area. This beautiful, iconic asset will play a vital role in bringing people together in of the world's greatest gathering places to experience unforgettable performances.' Khalid Alhazani, Executive Vice President of Riyadh Life Sector, Royal Commission for Riyadh City, added: 'This agreement marks a major milestone in building this world-class operatic venue. We are excited to have the opportunity to welcome the world's leading operatic and artistic talent in the future and ensure that the Royal Diriyah Opera House can incubate and empower the wonderful range of homegrown talent we have in the Kingdom.' Backed by the Public Investment Fund, Diriyah is an integrated urban development project that will, once completed, provide homes for almost 100,000 residents, office space for tens of thousands of professionals in the technology, media, arts and education sectors, create an estimated 178,000 jobs, attract almost 50 million annual visits, and contribute approximately $18.6 billion (SAR70 billion) directly to Saudi Arabia's GDP. -
Zawya
17-04-2025
- Business
- Zawya
Diriyah Company awards construction contract worth $1.4bln (SAR 5.1bln) to build the iconic Royal Diriyah Opera House
The construction contract awarded to a joint venture comprising El Seif Engineering Contracting, China State Construction Engineering Corporation, and Midmac Construction Company New flagship cultural destination to be operated by Royal Commission for Riyadh City Contract marks another major milestone for Diriyah Company in building The City of Earth DIRIYAH: Diriyah Company has awarded a $1.4 billion (SAR 5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets. The contract was awarded to a joint venture comprising El Seif Engineering Contracting Co. Ltd., (ESEC), China State Construction Engineering Corporation Ltd. (CSCEC) and Midmac Construction Co. Ltd. Diriyah Company's Group CEO Jerry Inzerillo signed the agreement with the three joint venture companies during a signing ceremony held recently to mark this latest milestone on Diriyah's development journey, including a series of other major project announcements made during the first quarter of 2025. The Royal Diriyah Opera House will become Diriyah's flagship performing arts venue and a major architectural landmark, setting new benchmarks for cultural performances in Saudi Arabia. With a capacity of 2,000 people, the main opera auditorium will become the focal point of the venue that will be managed by the Royal Commission for Riyadh City. The venue is capable of accommodating and staging the largest international touring opera, theatrical and musical performances in a unique, intimate and engaging space bringing artists and the audience together. The Royal Diriyah Opera House will also include a 450-seat studio theater, a shaded rooftop amphitheater with 450 seats and multipurpose halls taking the total seating capacity to 3,100 seats. The contract also covers the construction of additional assets in the opera house district, including one of Diriyah's five star hospitality assets and a mixed-use residential complex. This contract is the latest in a series of major announcements signed in 2025, including: The launch of the high-profile Media and Innovation District at MIPIM in Cannes Awarding a $113.6 million (SAR 426.3 million) architecture and design contract to Omrania, the Kingdom Tower architects, for buildings around Diriyah's main iconic avenue Opening of two major electricity substations, the 1707 MVA-capacity Bulk Substation and 200 MVA-capacity Primary Substation, operated by the Saudi Electricity Company The appointment of Giza Systems as the delivery partner for Diriyah's Smart City initiative The selection of IBM Maximo Application Suite to monitor and manage assets across Diriyah to enhance its Smart City capabilities The launch of Saudi Arabia's first Armani branded residences The opening of Taleed – globally renowned chef Michael Mina's first Michelin-starred restaurant in Saudi Arabia at the 134-room Luxury Collection hotel, Bab Samhan The Royal Diriyah Opera House was designed by renowned Norwegian architects Snøhetta and will feature a contemporary Najdi aesthetic, using materials such as palm, stone, and earth. The design will prioritize sustainability, incorporating water conservation, natural lighting, strategic building orientation, and thermal comfort measures. Set to become an international theatrical powerhouse, the Royal Diriyah Opera House will help anchor Diriyah's place as the Kingdom's cultural epicenter and a globally competitive destination for the arts, positioning Diriyah as a key player in shaping the future of performance and cultural infrastructure. Jerry Inzerillo, Group CEO of Diriyah Company, said: 'The Royal Diriyah Opera House will be a landmark asset in Diriyah reinforcing Diriyah's growing global role in shaping Saudi Arabia's artistic and cultural future, aligned with Vision 2030. This contract demonstrates our progress, building a diverse range of assets across the Diriyah development area. This beautiful, iconic asset will play a vital role in bringing people together in of the world's greatest gathering places to experience unforgettable performances.' Khalid Alhazani, Executive Vice President of Riyadh Life Sector, Royal Commission for Riyadh City added: 'This agreement marks a major milestone in building this world-class operatic venue. We are excited to have the opportunity to welcome the world's leading operatic and artistic talent in the future and ensure that the Royal Diriyah Opera House can incubate and empower the wonderful range of homegrown talent we have in the Kingdom.' Backed by the Public Investment Fund, Diriyah is an integrated urban development project that will, once completed, provide homes for almost 100,000 residents, office space for tens of thousands of professionals in the technology, media, arts and education sectors, create an estimated 178,000 jobs, attract almost 50 million annual visits, and contribute approximately USD 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 nearly 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, education, 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.
