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Diriyah Company awards $723.54 million contract for the development of the Waldorf Astoria superblock.

Jul 31, 2026•10 days ago

Contract Type

contract

Saudi ArabiaMuseums And Historical Sites

Description

Diriyah Company has awarded a contract worth SAR2.7 billion ($723.54 million) to a joint venture for the Waldorf Astoria superblock construction. This project aims to create a mixed-use destination with a luxury hotel and residential units, contributing significantly to Saudi Arabia's GDP upon completion.

Company Information

Company

Diriyah Company

Location

Saudi Arabia

About

Diriyah Company oversees the development of the historic Diriyah, a place known as “The City of Earth” and recognized as the birthplace of Saudi Arabia.

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