Diriyah CEO says SAR 80B projects underway

11:33 AM (Mecca time) Argaam Special
MohamedSaad, CEO ofDiriyahDevelopment Co.

Mohamed Saad, CEO of Diriyah Development Co.

Mohamed Saad, CEO of Diriyah Development Co., stated that the total value of the company’s approved projects stood at SAR 80 billion to date.

 

In an interview with Argaam at Cityscape Global, Saad revealed that projects worth SAR 25 billion will be approved in the coming months.

 

All of the company’s planned projects are currently under construction, the CEO pointed out, adding that the company is making significant progress.

 

The executive highlighted that 30,000 workers are on-site contributing to the developments.

 

Saad also confirmed that the Ritz-Carlton Residences and the Raffles Residences projects were approved and contractors appointed. He highlighted that both projects are set to be inaugurated in 2027.

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