Diriyah lays foundation for Qurain Cultural District, Northern District for SAR 5.8B

Diriyah Company Group CEO Jerry Inzerillo

Diriyah Company announced today, Nov. 20, details of two high profile multi-billion dollar educational and arts districts. The company laid cornerstone for Qurain Cultural District and Northern District projects for a total of SAR 5.8 billion.

The announcement was made during the 2nd edition of its annual international event “Bashayer - Delivering our Future” that kicked off today, the company said in an emailed statement to Argaam.

For more news and details on the projects

The Qurain Cultural District will additionally have two world class hotels and branded residences including the 195-room Ritz-Carlton Diriyah with 165 residences and the Address Diriyah that will have 204-rooms and 60 serviced apartments.

The district will also feature 19 mixed-use buildings, including office, retail, and residences, 10 of which have various boutique office options, and a wide range of retail space and dining venues. The development of the Qurain Cultural District includes a SAR 5.8 billion ($1.55 billion) contract awarded to a joint venture between Nesma & Partners Contracting Co. UJSC and MAN Enterprise Al-Saudia LLC.

Development works have started in the Northern District since the announcement of the partnership agreement valued at SAR 7.8 billion ($2 billion) last July with El Seif Engineering Contracting Co. (ESEC) and China’s China State Construction Engineering Corporation (CSCEC).

Diriyah Company affirmed that the Northern District will be transformed into a global center of learning for scholars, students, and visionaries that will include the King Salman Foundation, museums, a university, a library, and a vibrant public square. The new district will also host the recently announced Capella Diriyah, a 100-room luxury hotel that marks Capella Hotels and Resorts' groundbreaking entry into the Middle East.

The second edition of Bashayer is taking place in the first of Diriyah’s planned 40+ hotels – the 134-room Bab Samhan, a Luxury Collection Hotel. The new property is designed to reflect the 300-year old Najdi architectural features and will begin welcoming guests at the end of this year.