Saudi Arabia unveils Diriyah Gate project plan at SAR 64 bln

Foundation stone has been laid for Saudi Arabia’s $17.1 billion (SAR 64 billion) Diriyah Gate project, which is being developed by the Kingdom’s Diriyah Gate Development Authority, in the presence of the Custodian of Two Holy Mosques King Salman bin Abdulaziz Al Saud.

The plan, drawn up under the directives of King Salman and the Crown Prince Mohammed Bin Salman, will contribute to making Diriyah the largest cultural heritage site in the world, in addition to creating jobs, the state-run Saudi Press Agency stated.

Diriyah Gate Development Authority CEO Jerry Inzerillo stressed the importance of the Diriyah Gate project as an international tourist destination focusing on culture and heritage due to its archaeological landmarks, stated the report.
 

Upon completion, the 7km2 project will comprise 20 luxury hotel brands, four iconic squares, a 15,000-seat arena, and a Formula-E racetrack. The project will also include exhibitions, restaurants and arts academies.

“The Phase One of the project consists of 86 main tourism sites with many of them linked to museums,” Inzerillo said.

“The mega project will provide 55,000 jobs, of which 15% will be from the Diriyah region,” he added.