Tag Archives: luxury hotels

Diriyah Company announced the awarding of a $2.13 billion (SAR 8 billion) joint venture construction contract to build four luxury hotels and the Royal Diriyah Equestrian & Polo Club as part of the Wadi Safar masterplan being developed by Diriyah Company. The joint venture contractors are Urbacon Saudi Co. and Al Bawani Co. Ltd with construction work set to commence shortly on what will be another major development milestone for Diriyah Company. Contracts were officially signed today at a ceremony held in Diriyah between Ramez Al Khayyat, President of Urbacon Saudi Co., Fakher Al-Shawaf, CEO of Al Bawani Co. Ltd and Group CEO of Diriyah Company, Jerry Inzerillo. The contract is the biggest single contract awarded to date by the Diriyah Company and follows the announcement of a more than $2.07 billion (SAR 7.8 billion) contract to build the Northern District earlier in July. Diriyah Company Group CEO, Jerry Inzerillo said: “This contract marks another major step in accelerating our exciting development plans for the Wadi Safar masterplan and includes four world-class hotels – Aman, Six Senses, The Chedi, and Faena – and our prestigious Royal Diriyah Equestrian & Polo Club. As a developer we are extremely proud of the momentum across all aspects of our project and are delighted to have two of Saudi Arabia’s leading construction firms on board to deliver this major part of the Wadi Safar masterplan.” “The hotels are among the 40 plus across our two masterplans, Diriyah and Wadi Safar as we gear up to deliver world-class luxury experiences to visitors from across the Kingdom, the region and the world. The Royal Diriyah Equestrian & Polo Club will create a true center of regional …

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