Latest news with #WaleedAlIbrahim
Zawya
12-05-2025
- Business
- Zawya
MBC to build new headquarters in Diriyah's Media and Innovation District
RIYADH — MBC Group has signed a land transfer agreement with Diriyah Company to develop its new regional headquarters in Diriyah, marking a major step in Saudi Arabia's efforts to become a global media and cultural hub. The new headquarters will serve as a center for content production, creative innovation, and entertainment, positioning MBC in the heart of Diriyah's emerging Media and Innovation District. The agreement includes plans to construct advanced studios, corporate offices, and an immersive visitor experience center. The development forms part of the broader Diriyah giga-project, a $18.6 billion initiative aimed at transforming Diriyah into one of the world's premier cultural destinations. Once complete, the project will include world-class venues such as the Royal Diriyah Opera House and Diriyah Arena, along with luxury hotels, restaurants, retail districts, and educational institutions. Commenting on the agreement, Minister of Tourism and Secretary General of Diriyah Company, Ahmed Al-Khateeb, described the partnership as a 'powerful statement of intent,' underscoring Saudi Arabia's ambition to become a global center for storytelling and creative exchange. MBC Group Chairman Waleed bin Ibrahim Al Ibrahim said the new headquarters will support the Kingdom's strategic vision to elevate the media and entertainment sector. 'This move strengthens our commitment to local content creation and positions MBC as a cornerstone of Saudi Arabia's creative industries,' he said. Mike Sneesby, CEO of MBC Group, emphasized the project's alignment with MBC's long-term goals, noting: 'We are proud to be part of Diriyah's evolution into a world-class cultural capital. Our new complex will be a space where creativity, content, and talent thrive.' Diriyah Company CEO Jerry Inzerillo welcomed MBC as the first flagship tenant of the Media and Innovation District launched earlier this year, highlighting the project's role in attracting top-tier talent and industry players across media, technology, and the arts. The designated land plot will be developed under a comprehensive Development Works Agreement. The move follows MBC's earlier expansion milestones, including the launch of studios in Al Narjis in 2024 and the opening of its headquarters in Riyadh's Diplomatic Quarter in 2022. The group currently employs more than 2,000 staff across its platforms. — SG © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
09-05-2025
- Business
- Arabian Business
MBC to build new HQ in Diriyah, Saudi Arabia
MBC will develop a brand-new headquarters in Diriyah as it looks to expand media production facilities in Saudi Arabia. Diriyah Company and MBC Group the signing of a land plot transfer agreement. The collaborative partnership is to develop the new MBC headquarters, which will serve as a cutting-edge hub for content production, media innovation, and world-class entertainment experiences. MBC HQ in Diriyah, Saudi Arabia The new facility will house new MBC offices, advanced filming studios, and an immersive visitor experience centre. Minister of Tourism and Diriyah Company Secretary-General Ahmed Al-Khateeb said: 'This partnership is a powerful statement of intent. As Diriyah emerges as a cultural and creative capital for the world, welcoming MBC Group at its heart signals a bold new chapter. 'Together, we are shaping a future where Saudi Arabia is not only a destination, but a dynamic source of inspiration, storytelling, and global exchange — a place where the world comes to experience the Kingdom, and where the Kingdom reaches out to the world.' The MBC Group Chairman Waleed AlIbrahim said: 'Establishing our new headquarters in Diriyah is part of our commitment to Vision 2030. This step not only expands our regional presence, but also supports the Kingdom's vision to strengthen the media and entertainment sector, foster innovation, and drive progress in the creative industries—especially as the growing demand for high-quality, original Arabic content continues to be a key driver in the development of the media industry across the Middle East and North Africa region.' The Diriyah Company Group CEO Jerry Inzerillo said: 'We are enormously proud to welcome MBC as our first flagship tenant in the Media and Innovation District launched earlier this year at MIPIM in Cannes. 'This district will include innovative office space for thousands of professionals in a variety of sectors across the media, technology and the arts industries, as well as residential and hotels offerings found nowhere else but in Diriyah.'
