DGDA plans to open 11 assets in 2024; private sector investments exceed SAR 6B: CEO

07/02/2024 Argaam Special

Diriyah Gate Development Authority (DGDA) plans to open 11 assets in 2024, through partnerships with the private sector, CEO Jerry Inzerillo told Argaam.

 

On the sidelines of the second edition of the PIF Private Sector Forum, Inzerillo said partnerships were established with 200 companies. Further, private sector investments, which are growing at a rapid pace, are valued at more than SAR 6 billion.

 

DGDA is working with 800 small and medium enterprises (SMEs) on the Diriyah Gate project, according to the CEO.

 

Inzerillo stressed that there is a strict policy in terms of contracting to support local content. It entails tapping Saudi contractors and companies first before reaching out to regional ones. The Diriyah Gate project will be completed by 2030, in tandem with the hosting of Riyadh Expo 2030, he added.

 

The CEO highlighted that construction began at nine hotels in the Diriyah Gate project, noting that new assets will be opened gradually yearly until all planned assets are inaugurated.

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