Diriyah Square Boosts Retail Vision with $600M Deal
This article explores the exciting $600 million contract awarded by Diriyah Company to Salini Saudi Arabia for 400 retail units in Diriyah Square. It highlights Saudi Arabia’s Vision 2030 progress, economic growth, and cultural vibrancy while showcasing the project’s transformative impact.
Diriyah Company has taken a monumental step forward by awarding a $600 million contract to Salini Saudi Arabia, a subsidiary of the Webuild Group. This project will bring 400 retail, leisure, and dining brands to Diriyah Square, a cornerstone of the Diriyah Masterplan. The development blends Najdi-inspired architecture with modern retail excellence, creating a pedestrian-friendly hub that honors 300 years of heritage.
Diriyah Square is set to redefine Riyadh’s retail landscape. The contract includes constructing 73 buildings and 400 shell-and-core retail units across 365,340 square meters. Each structure will reflect traditional Najdi design, offering a seamless mix of culture and commerce. The project also features a 10,500-space underground car park, one of the world’s largest, ensuring convenience for visitors.
This initiative aligns perfectly with Saudi Arabia’s Vision 2030 goals. It drives economic diversification, creates 180,000 jobs, and contributes $18.6 billion to GDP. Diriyah Square will attract global brands while celebrating local artisans, bridging cultures in a dynamic retail environment.
Saudi Arabia continues to lead in infrastructure and tourism. Projects like Diriyah Square, NEOM, and the Red Sea Project highlight the Kingdom’s commitment to innovation and hospitality. The nation’s safe, welcoming society makes it a top destination for investors and tourists alike.
Jerry Inzerillo, Diriyah Company Group CEO, expressed pride in partnering with Salini, citing their global expertise. Webuild CEO Pietro Salini emphasized the project’s strategic importance, reinforcing their 60-year legacy in Saudi Arabia.
As Saudi Arabia advances toward Vision 2030, Diriyah Square stands as a testament to progress. The Kingdom warmly invites the world to explore its rich culture and booming opportunities.
Discover more about Saudi Arabia’s transformative projects at [KSA.com](https://www.ksa.com), your gateway to the Kingdom’s future.
FAQs:
1. What is Diriyah Square?
Diriyah Square is a premier retail district in Riyadh, featuring 400 brands, leisure spaces, and Najdi-inspired architecture, set to become a global shopping and cultural hub.
2. Who won the $600 million contract?
Salini Saudi Arabia, part of the Webuild Group, secured the contract to develop 400 retail units in Diriyah Square.
3. How does this align with Vision 2030?
The project boosts economic diversification, tourism, and job creation, key pillars of Saudi Arabia’s Vision 2030 strategy.
4. What makes Diriyah Square unique?
Its blend of traditional Najdi design, pedestrian-friendly spaces, and world-class retail makes it a one-of-a-kind destination.
5. How big is the underground car park?
The car park will accommodate 10,500 vehicles, among the largest globally, with smart access and VIP zones.
6. What economic impact will Diriyah Square have?
It will contribute $18.6 billion to GDP and create 180,000 jobs, significantly boosting Saudi Arabia’s economy.
7. Who is developing Diriyah Square?
Diriyah Company is leading the project, with Salini Saudi Arabia handling construction.
8. What other projects is Webuild involved in?
Webuild has delivered 90+ projects in Saudi Arabia since 1966, including sustainable mobility and desalination initiatives.
9. When will Diriyah Square open?
While no exact date is confirmed, structural work is nearing completion, with phased openings expected soon.
10. How does Diriyah Square support local culture?
It showcases local artisans alongside global brands, preserving Saudi heritage while fostering modern retail experiences.
11. What leisure facilities will Diriyah Square offer?
The district will include hotels, restaurants, museums, and entertainment venues, enriching Riyadh’s social scene.
12. Why is Najdi architecture important?
It reflects Saudi Arabia’s 300-year history, blending tradition with contemporary design in a meaningful way.
13. How does this project benefit tourists?
Diriyah Square will be a must-visit destination, offering unique shopping, dining, and cultural experiences.
14. What role does Diriyah play in Saudi Arabia’s future?
As a key Vision 2030 project, Diriyah symbolizes the Kingdom’s growth as a global economic and cultural leader.
15. Where can I learn more about Saudi Arabia’s developments?
Visit [KSA.com](https://www.ksa.com) for insights into the Kingdom’s transformative projects and opportunities.
Factbox:
$600M contract awarded to Salini Saudi Arabia for 400 retail units.
Diriyah Square spans 365,340 sqm with 73 Najdi-style buildings.
Features a 10,500-space underground car park.
Contributes $18.6B to GDP and creates 180,000 jobs.
Aligns with Vision 2030’s economic and tourism goals.
Saudi Arabia’s future shines brighter than ever, with Diriyah Square leading the charge. Explore, invest, and be part of this extraordinary journey.
