Diriyah Company - Diriyah Gate Investment Program in Riyadh

General Information
Owner Diriyah Company
Masterplan Project (Parent Profile)
Location Riyadh, Riyadh Province, Saudi Arabia
Status --
Sector Construction, Mixed-Use, Mixed-Use
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 41
Estimated Budget Value ---
Contract Value 0
Net Value $25314m
Award Date November 2019
Completion Date December 2030
Last Updated On May 2024
ProjectId (Old, New) 48460, 312588

Diriyah Company is developing a new culture and lifestyle tourism destination megaproject known as the "Diriyah Gate Investment Program" on 7.1 million sqm located 20 minutes northwest of Riyadh’s city center, Saudi Arabia.

This project is one of the initiatives included in the Saudi Giga Projects plan.

The US$63,910 million project includes the following components under Phase 1

1. Wadi Safar Development

a. Hotels & Resorts (38 nos)

b. Polo Equestrain Club

c. Wildlife sanctuary

d. Golf Courses

2. Restoration of historic Wadi Hanifa

a. Planting more than one million indigenous Diriyah date trees

b. Transformation of Wadi Safar into a residential and hospitality district

3. Bujairi District

a. Hotels

b. Diriyah Art Futures

c. Car Park

4. Arts District

a. 6 Musuems

b. 24 Institutes

5. Najdi Residence

6. King Salman Square

7. King Salman University

8. Infrastructure works

9. Diriyah Square

a. Super Car Basement

b. Mixed Use Development

c. King Salman Mosque

d. Samhan Amphitheatre

10. Construction of two 132kV substations

11. Construction of district cooling of capacity 43,000 refrigeration tonnes

12. Construction of 55km of roads of which 15km will be tunnels

13. Construction of parking facility with space for 25,000 vehicles of which 12,000 will be subsurface

14. Construction of utility network totaling 6.7km

15. Laying of 163km cables

16. Installation of 21km chilled water pipeline

17. Construction of a Formula-E racetrack

18. Construction of the 15,000-seat entertainment arena

19. Construction of 20,000 housing units (2500 in DG1, 5000 in DG2, 12,500 in DG3)

20. Restaurants (100 nos)

21. Schools (20 nos)

Second Section

27 May 2024

Construction works are ongoing and the project is expected to be completed by the second quarter of 2025 on the Diriyah Gate: Wadi Safar: Infrastructure Works for East and West Areas project.

10 May 2024

132/13.8KV Diriyah Gate Substation (8171): Construction works have commenced on the project.

12 April 2024

For the 132KV U/G Cables for Diriyah gate Phase 2: Part 1, 132KV U/G Cables for Diriyah Gate Phase 2: Part 2, the Replacement of 230/115KV Berri Gas Plant GIS Substation packages, the main contract is yet to be awarded.

03 April 2024

Construction works are ongoing on 380/132/13.8kV Substation (9082) at New Diriyah Gate and the timeframe for completion is unknown at this juncture.

26 December 2023

Construction works are progressing on 380/132/13.8kV Substation (9082) at New Diriyah Gate.

11 September 2023

Construction works are ongoing on 380/132/13.8kV Substation (9082) at New Diriyah Gate and the timeframe for completion is unknown at this juncture.

12 May 2023

As per site visit on April 18, 2023, under ground structural works are progressing on the Diriyah Company - Diriyah Gate: Super Basement project.

02 February 2023

Construction works are progressing on Infrastructure works for Area B is progressing and it is expected to be complete by 2024.

18 September 2022

Construction works are progressing on both Infrastructure works for Area A and B and it is expected to be complete by Q1 2024.

21 July 2022

Diriyah Gate Development: Super Basement: Al Daraya Gate Development Authority has collaborated with FSK to provide visual and acoustic design services at King Salman Mosque at Al Daraya Gate.

16 June 2022

Diriyah Gate Development: Mock-Up Facility Package 8: The construction works are progressing on the project and are expected to get completed by October 2022.

13 May 2022

As per the site visit on April 27, 2022, structural works are ongoing on Phase 1: Car Park Package and excavation works are ongoing on Super Basement.

04 April 2022

Excavation and tunneling works are ongoing on the super basement package project.

23 March 2022

A new four seasons hotel project has been announced under Diriyah Gate Development.

06 January 2022

The main contract bids are still under evaluation for the Super Basement package.

07 December 2021

The client has confirmed 14 hotels operator. Hotels that will make up Diriyah Gate’s first phase, are Address Hotels and Resorts, a US-based Baccarat Hotels & Resorts, a UK-based Campbell Gray Hotels and Resorts, a 100-key hotel by Singapore's Capella Hotels & Resorts, Fauchon from France property, a 80-key facility by LXR Hotels and Resorts, Orient Express, Raffles, Park Hyatt, Ritz-Carlton, Rosewood Hotels & Resorts, The Luxury Collection. In Wadi Safar Oberoi (India) and Six Senses. (Source: MEED)

07 November 2021

The main contract bids are under evaluation for super basement package.

08 October 2021

Diriyah Gate Development: Phase I: The client is expecting to complete the hotel project and Open to the public in 2022.

05 August 2021

The main contract bids have been submitted and the following companies have submitted the bids: Alsaad General Contracting Company/Nesma , Arabian Construction Company, El-Seif Engineering & Contracting / China State Construction Engineering Corporation, Shapoorji Pallonji, WeBuild for super basement project. (Source: MEED)

04 July 2021

The client has selected the El-Seif Engineering Contracting and China State Construction Engineering Corporation as the main contactor for Area B. (Source: MEED)

24 May 2021

Design works are ongoing on Phase I: Museum, Wadi Safar Resort Development.

22 April 2021

Design Activities are still ongoing for Diriyah Gate Development: Phase I: Mixed-Use Development.

06 April 2021

The construction works are progressing as per schedule on the Landscape Package and the Samhan Heritage Five Star Hotel and the bid evaluation is ongoing on the Car Park Package and the time frame for the award is yet unknown. Amongst others, Nesma & Partners, Shappoorji Pallonji, El Seif Engineering Contracting has submitted bids for the project.

27 January 2021

Mace has been selected for the sitewide PMC contract.

06 November 2020

The design works on Phase 1: Museum and Mixed-Use Development are ongoing as per the schedule.

31 August 2020

The client is in the process of appointing operators for the 30 hotel projects.

22 July 2020

The construction works on Earthwork Package and Landscape Package are ongoing and will be completed by Q3 and Q4 of 2020 respectively.

24 February 2020

Saudi Arabian General Investment Authority (SAGIA) and the Diriyah Gate Development Authority (DGDA) signed a memorandum of understanding for local and foreign investments.

02 December 2019

The groundbreaking ceremony for the project is expected to be held in January 2020. (Source: MEED)

12 November 2019

Faithful+Gould has been appointed for the project management services on the project. (Source: MEED)

05 November 2019

An MoU has been signed between DGDA and Greg Norman Golf Design & Aman Resorts to develop the project. (Source: MEED)