DGDA says 35% of Diriyah project infrastructure done

Kiran Haslam,CMO of Diriyah Gate Development Authority (DGDA)

Diriyah Co., owned by the Public Investment Fund (PIF), is on the verge to complete 35% of the Diriyah Gate project’s infrastructure, as part of its master development plan, CMO of Diriyah Gate Development Authority (DGDA) Kiran Haslam revealed.

Haslam added that the company is currently focusing on the commercial part of its masterplan, Asharq Al-Awsat Newspaper reported.

Retail spaces constitute 5% of the total area being developed by the company, which spans 14 square kilometers, totaling 566,000 square meters (sqm) of commercial and office spaces, he further stated.

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The CMO also stressed that the retail sector is among key pillars contributing to the project’s objectives. This is given its role in attracting visitors and promoting commercial activities that support other fields. He noted that many subprojects are currently under implementation.

According to data available on Argaam, Diriyah Co. was established in 2022 as one of PIF’s subsidiaries to implement the Diriyah Gate development project and transform the area into a global cultural hub.

In June 2020, DGDA began executing the first phase of the rehabilitation and development of the historical Diriyah destination, at a total cost of SAR 75 billion.