August deadline for Diriyah Pendry superblock package
14 July 2025

Saudi gigaproject developer Diriyah Company has asked firms to submit commercial proposals by 13 August for a contract to build the Pendry superblock package in the second phase of the Diriyah Gate development (DG2).
MEED understands that the tender was issued in June, with the technical bid submission deadline set for 6 July.
The Pendry superblock encompasses the construction of a hotel, known as the Pendry Hotel, along with residential and commercial assets.
The project will span an area of 75,365 square metres and is located in the northwestern district of the DG2 area.
Earlier this month, MEED exclusively reported that Diriyah Company is preparing to tender more superblock packages this quarter, following the receipt of prequalification statements from interested firms.
Notices were issued in mid-June for packages that include the Waldorf Astoria superblock and the Edition superblock, both located in DG2.
The Waldorf Astoria superblock is a mixed-use development featuring the Waldorf Astoria Residences & Hotel, commercial and residential facilities and office spaces.
The Waldorf Astoria Hotel is a 200-key property, while the Waldorf Astoria Residences will offer around 46 branded residences.
The project is located along the Grand Boulevard South and the Northern Arterial Road in the Boulevard Northwestern district at DG2.
The prequalification documents for this package were submitted on 29 June.
Prequalification documents for the Edition superblock were submitted on 2 July.
This package comprises a mix of residential, commercial and office spaces, including the 200-key Edition Hotel and 150-key Equinox Hotel.
The project is situated between King Khalid Road and the Grand Boulevard within the Boulevard East district in DG2.
Diriyah Company has also received prequalification statements from firms interested in constructing the upcoming Radisson Red superblock in DG2.
The Radisson Red superblock comprises a hotel, residential apartments, retail facilities, commercial office spaces and a park.
The project is situated in the Boulevard East district, between King Khalid Road and the Grand Boulevard in Diriyah.
Diriyah also tendered a contract in April to build the new iconic museum in the DG2 area.
Diriyah gigaproject
The Diriyah masterplan envisages the city as a cultural and lifestyle tourism destination. Located northwest of Riyadh’s city centre, it will cover 14 square kilometres and combine 300 years of history, culture and heritage with hospitality facilities.
The company awarded several significant contracts last year, including three contracts worth over SR21bn ($5.5bn). These included an estimated $2bn contract awarded to a joint venture of El-Seif Engineering & Contracting and China State to build the North Cultural District.
In July last year, Diriyah also awarded a $2.1bn package to a joint venture of local contractor Albawani and Qatar’s Urbacon to construct assets in the Wadi Safar district of the gigaproject.
Then in December, Diriyah Company awarded an estimated SR5.8bn ($1.5bn) contract to a joint venture of local firm Nesma & Partners and the local branch of Man Enterprise for its Jabal Al-Qurain Avenue cultural district, located in the northern district of the Diriyah Gate project.
Once complete, Diriyah will have the capacity to accommodate 100,000 residents and visitors.
READ THE JULY 2025 MEED BUSINESS REVIEW – click here to view PDF
UAE and Turkiye expand business links; Renewed hope lies on the horizon for trouble-beset Levant region; Gulf real estate momentum continues even as concerns emerge
Distributed to senior decision-makers in the region and around the world, the July 2025 edition of MEED Business Review includes:
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> AGENDA: UAE-Turkiye trade gains momentum
> INTERVIEW 1: Building on UAE-Turkiye trade
> INTERVIEW 2: Turkiye’s Kalyon goes global
> INTERVIEW 3: Strengthening UAE-Turkiye financial links
> INTERVIEW 4: Turkish Airlines plans further growth
> CURRENT AFFAIRS: Middle East tensions could reduce gas investments
> GCC REAL ESTATE: Gulf real estate faces a more nuanced reality
> PROJECTS MARKET: GCC projects market collapses
> INTERVIEW 5: Hassan Allam eyes role in Saudi Arabia’s transformation
> INTERVIEW 6: Aseer region seeks new investments for Saudi Arabia
> LEADERSHIP: Nuclear power makes a global comeback
> LEVANT MARKET FOCUS: Levant states wrestle regional pressures
> GULF PROJECTS INDEX: Gulf projects index continues climb
> CONTRACT AWARDS: Mena contract award activity remains subdued
> ECONOMIC DATA: Data drives regional projects
> OPINION: A farcical tragedy that no one can end
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Exclusive from Meed
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Dewa raises Empower stake in $1.41bn deal12 February 2026
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Saudi cabinet approves Qatar high-speed rail link12 February 2026
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Bidders line up for Saudi sewage treatment contract12 February 2026
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Indian firm wins Dubai Latifa Bint Hamdan road project12 February 2026
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SAR tenders Riyadh section of Saudi Landbridge12 February 2026
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LTOM programme
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