Diriyah Company Undertakes Groundbreaking For 7 Luxury Hotels During Bashayer 24 Stakeholder Event

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.