- Groundbreaking takes place for Raffles, Armani, Orient Express, Baccarat, Corinthia, Fauchon L’Hotel and Rosewood hotels collectively adding a total of 877 rooms.
- Hotels will be among the over 40 properties being developed in Diriyah and Wadi Safar Masterplans.
DIRIYAH, November, 2024: Diriyah Company has undertaken the official groundbreaking for seven world-class luxury hotels during the second edition of its annual event “Bashayer – Delivering our Future”.
It marks the continued growing momentum in creating world-class properties that will eventually total more than 40 hotels and over 6500 rooms across the Diriyah and neighboring Wadi Safar development areas.
These 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 across the seven hotels.
The “Bashayer – Delivering our Future” event saw participation from global investors, hospitality companies, construction firms, infrastructure experts and representatives from the sports, arts, culture, tourism and retail sectors.
Diriyah is anticipated to welcome 50 million visits a year in the future and the delivery and provision of a world-class range of hotels and hospitality option is an integral part of putting the right infrastructure in place to meet visitor demand from within the Kingdom, the region and worldwide.
Commenting on the successful groundbreakings, Diriyah Company Group CEO Jerry Inzerillo said: “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.
“We will be a destination where you can find every one of the best global hotel brands delivering unrivalled levels of luxury, experience and service as Diriyah welcomes increasing numbers of guests from inside Saudi Arabia and around the world.
“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.”
The development of these hotels is an important part of Diriyah’s ongoing commitment to support the economic diversification of Saudi Arabia as part of Vision 2030 and helping to boost the impact of tourism on the Kingdom’s GDP to 10 per cent by 2030.
The Diriyah project is one of Saudi Arabia’s five giga-projects backed by the world’s 5th largest sovereign wealth fund, the Public Investment Fund, and is building homes for 100,000 people, creating 178,000 jobs, will host 50 million visits a year in the future and contribute $18.6 billion Saudi Arabia’s GDP.
About Diriyah:
Diriyah, Saudi Arabia’s premier historical, cultural, and lifestyle destination, is a key component of Saudi Arabia’s 2030 Vision. A short 15-minute drive from Riyadh’s city center, this 14-square-kilometer development holds historical significance as the birthplace of the Kingdom of Saudi Arabia, dating back to 1727. Currently being developed by Diriyah Company, Diriyah is undergoing a transformation into an authentic Najdi-style mixed-use urban community. Diriyah’s centerpiece is At-Turaif, the UNESCO World Heritage Site inscribed in 2010, showcasing the ancient adobe capital city of the First Saudi State, dating back to 1766.
Upon completion, Diriyah will host 100,000 residents, workers, students, and visitors, offering a diverse range of cultural, entertainment, retail, hospitality, educational, and residential spaces. The first of those spaces include Bujairi Terrace, Riyadh’s new premium dining hub with over 20 global and local restaurants and cafes that enjoy uninterrupted views of At-Turaif. Bab Samhan, a Luxury Collection Hotel is the first hospitality offering in Diriyah, providing a tranquil experience with panoramic views of Wadi Hanifah. Diriyah’s development provides a dynamic environment that celebrates Saudi Arabia’s rich cultural history.
About Diriyah Company:
Diriyah Company was established in 2023 and joined the Public Investment Fund’s (PIF) portfolio of giga-projects. The Company is responsible for developing the Diriyah project, the birthplace of the Kingdom of Saudi Arabia and its foremost historical, cultural, and lifestyle destination. A dynamic mixed-use developer, Diriyah Company is redefining urban planning to develop Diriyah, “The City of Earth”, while adhering to the highest design, development, and preservation standards. The company ensures Diriyah’s cultural landmarks are complemented by world-class retail offerings, fine-dining experiences, and leading hospitality brands.
As a PIF company, its mission focuses on opportunities in development, hospitality, investment, retail, and office leasing, along with strategic asset management, underscoring the commitment to ensuring successful business outcomes and sustainable growth under the strategic direction of Vision 2030. The Diriyah Company actively forges long-term partnerships to realize its vision of establishing Diriyah as one of the world’s greatest gathering places.
