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Contractors submit final offers for Diriyah Arena district

17 March 2025

 

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Saudi Arabia’s Diriyah Company has received the last and final offers from firms for the contract to build the Arena Block assets in the Boulevard Southwest section in the DG2 area of the Diriyah gigaproject.

MEED understands that final proposals were submitted last week and the award is expected shortly for the multibillion-riyal package, which consists of mixed-use facilities, including offices.

Tendering activity is also progressing on several other major schemes at Diriyah, including the Royal Diriyah Opera House project. It is understood that the bid evaluation has reached the final stages and the contract will likely be finalised in March.

In January, the client also asked firms to prequalify for a contract to build a new museum in the DG2 area of the Diriyah project.

MEED previously reported that Diriyah Company had asked firms to prequalify for another contract covering the infrastructure development works in the DG2 area of Diriyah.

Developed by Diriyah Company, the Diriyah masterplan envisages the city as a cultural and lifestyle tourism destination. Located northwest of Riyadh’s city centre, it covers 14 square kilometres and combines 300 years of history, culture and heritage with hospitality facilities.

The company awarded several significant contracts last year, including two major contracts worth over SR16bn ($4bn). These include an estimated $2bn contract awarded to a joint venture of El-Seif Engineering & Contracting and China State to build the North Cultural District.

In late July, 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.

In December, MEED reported that Diriyah Company had awarded an estimated SR5.8bn ($1.5bn) contract to local firm Nesma & Partners 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 house 100,000 residents and visitors.

https://image.digitalinsightresearch.in/uploads/NewsArticle/13497960/main.jpg
Yasir Iqbal

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