Meed | Diriyah signs $2bn construction deal

Diriyah signs $2bn construction deal

11 July 2024

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Saudi developer Diriyah Company has awarded a construction contract valued at over $2bn to the joint venture of El-Seif Engineering Contracting and Beijing-based China State Construction Engineering Corporation for the construction of the Northern District of the Diriyah Gate development in Riyadh.

In a statement, Diriyah Company said that construction work is due to start in the third quarter of this year.

MEED previously reported that bidders submitted offers for the contract at the end of 2023. The work scope comprises the construction of buildings that include:

King Salman University
Misk Heritage Institute
House of Al-Saud
Journey of 100 Stories
King Salman Square
Capella Hotel
King Salman Foundation Library and Headquarters

King Salman University will be built on a plot area of 28,882 square metres (sq m) with a maximum height of 18 metres.

US-based architectural firm Ayers Saint Gross is the project consultant.

The Misk Heritage Institute is a museum to be built on a plot area of 11,307 sq m with a height of 22 metres.

London-based Adjaye Associates is the project architect.

House of Al-Saud and Journey of 100 Stories are both museums that will span plot areas of 24,799 sq m and 1,785 sq m.

King Salman Square is the largest gathering place in Diriyah Gate. It will serve as Diriyah Gate’s central space for events.

Singapore-based DP Architects, UK-based AtkinsRealis and US-based Callison RTKL are the consulting firms involved in the project.

The Capella Hotel is a 100-key hotel that will be built on a gross floor area of 14,000 sq m. The local Ahmad Al-Rashed Al-Humaid Consulting Engineers is the project consultant.

King Salman Foundation Library and Headquarters will span an area of 22,355 sq m. AtkinsRealis is the project consultant.

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Colin Foreman