Hassan Allam Holding and AlBawani Holding have announced that their joint venture has been awarded a SAR1.84 billion ($490 million) to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA), one of the most prominent cultural and iconic projects within the Diriyah development plan.
Aedas, a leading global architecture and design practice, has secured the design and project architecture contract for a 100-key hotel project - Capella Diriyah by Aedas - coming up over a 14,168 sq m area within the Northern District of the giga Diriyah development in Saudi Arabia.
Indian infrastructure group Ashoka Buildcon said its joint venture with Saudi-based BEC Arabia Contracting has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh.
Saudi artist Safeya Binzagr set a new auction record after her 1968 painting Coffee Shop in Madina Road sold for just over $2 million at Sotheby’s “Origins II” auction in Diriyah, marking a milestone for the Kingdom’s growing art market.
Diriyah Company launched 239 premium homes in the new Manazel AlHadawi residential area in Diriyah, alongside announcing major contract awards worth $1.5 billion (SAR5.7 billion), at the Cityscape Global which opened on Monday in Riyadh.
The value of Saudi Giga projects contract awards has risen sharply to $196 billion this year, up 20% from 2024, underscoring the pace at which projects are moving into execution phase, said a Knight Frank report.
Parsons Corp has secured a key design and construction supervision contract from Diriyah Company for Phase II of its mega project in Riyadh. The scope of work includes the delivery of a series of neighbourhood parks and over 55km of streetscape.
