Diriyah Company recently announced that it has officially broken ground on seven world-class luxury hotels. During the second edition of its annual event Bashayer – Delivering our Future, it revealed that the latest groundbreakings took place for Raffles Diriyah, Armani Diriyah, Orient Express Diriyah, Baccarat Diriyah, Corinthia Diriyah, Fauchon L’Hotel Diriyah, and Rosewood Diriyah, offering a total of 877 rooms in the seven hotels.
This marks the ongoing expansion in developing world-class properties, which will ultimately comprise more than 40 hotels and over 6,500 rooms throughout the Diriyah and neighboring Wadi Safar development areas.
Diriyah to welcome 50 million visitors
The second edition of Bashayer took place in the first of Diriyah’s hotels, the 134-room Bab Samhan, a Luxury Collection Hotel. The new property seeks to reflect the 300-year-old Najdi architectural features and will begin welcoming guests at the end of this year.
Global investors, hospitality companies, construction firms, infrastructure experts, and sports, arts, culture, tourism, and retail representatives participated in the event.
Diriyah expects to attract 50 million local visitors and international travelers annually in the future. Therefore, it is crucial to develop a high-quality range of hotels and hospitality options to accommodate this growing demand. This development is also essential for establishing the right infrastructure needed to support and enhance the visitor experience.
“At Diriyah, we are committed to offering the highest world-class standards of hospitality, and we are enormously proud to have broken ground on these seven prestigious properties. This is the second Bashayer event where we have undertaken hotel groundbreakings and demonstrated the progress and accelerated development in building The City of Earth,” stated Diriyah Company group CEO Jerry Inzerillo.
The Ritz-Carlton Residences launched
At Cityscape Global 2024 in Riyadh, Diriyah Company also announced the launch of 59 new luxury apartments and villas for the Signature Collection of The Ritz-Carlton Residences, Diriyah, marking the latest release of its luxury branded residences. This launch follows the successful sell-out of the initial 106 Ritz Carlton Residences.
The development of these luxury residences and hotels in Diriyah is part of a comprehensive residential strategy, which aims to create diverse living opportunities for over 100,000 future residents. This wide-ranging plan also underscores Diriyah’s vision to become a premier destination for luxury living, community development, and tourism.
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Diriyah announces two multi-billion-dollar districts
Moreover, Diriyah Company announced details of two high-profile multi-billion dollar educational and arts districts to be developed within the $63.2 billion Diriyah project, on the outskirts of the Saudi capital, Riyadh. The development of the Qurain Cultural District includes a SAR5.8 billion ($1.55 billion) contract which the company awarded to a joint venture between Nesma & Partners Contracting Co. UJSC and MAN Enterprise Al-Saudia LLC.
Meanwhile, construction on elements of the Northern District is already underway following the announcement of a SAR7.8 billion ($2 billion) joint venture contract with the China State Construction Engineering Cooperation Limited (CSCEC) and El Seif Engineering Contracting Co. Ltd.
The development of these hotels and districts marks an important contribution to Diriyah’s ongoing commitment to support the economic diversification of Saudi Arabia in line with the Kingdom’s Vision 2030, as well as helping boost the impact of tourism on the Kingdom’s GDP to 10 percent by 2030.
