Diriyah Company has signed a staggering $827 million deal with Midad Real Estate to develop the Four Seasons Hotel and Private Residences Diriyah.
It is due to include a 159 room luxury hotel and stunning branded residences within the exquisite $63 billion Diriyah masterplan.
It aims to support Diriyah’s and Saudi Vision 2030 tourism goals to attract millions of visitors annually.
Developing Four Seasons Hotel and Private Residences
In a major move to enhance Saudi Arabia’s luxury tourism landscape, Diriyah Company has entered into a monumental agreement with Midad Development and Real Estate Investment Company.
This partnership, valued at an impressive $827 million, aims to bring the Four Seasons Hotel and Private Residences Diriyah to life.
This ambitious project is slated to feature a luxurious 159-room hotel and exclusive branded residences, all situated within the expansive $63 billion Diriyah master plan.
Location of Four Seasons
Diriyah, known as the birthplace of the Kingdom, is a UNESCO World Heritage site that holds immense cultural significance.
The development will be strategically located within the 14-square-kilometer Diriyah project and the adjacent 62-square-kilometer Wadi Safar area.
This prime location is designed to attract both local and international visitors, making it a hub for cultural, leisure, and lifestyle experiences.
Four Seasons Features
- 159 Luxury Rooms: The hotel will offer a range of opulent accommodations, catering to the needs of discerning travelers.
- World-Class Amenities: Guests can expect top-notch facilities, including fine dining options, wellness centers, and recreational spaces.
- Branded Residences: The private residences will provide an exclusive living experience, combining luxury with the rich cultural heritage of Diriyah.
Impact of Four Seasons Hotel and Private Residences
The total investment of $827 million covers both land acquisition and construction costs, reflecting strong confidence in the project’s ability to drive long-term economic growth. Beyond the financial scale, the development is expected to create thousands of jobs, providing a significant boost to the local economy.
It is also projected to contribute approximately $18.6 billion to Saudi Arabia’s GDP, underscoring the growing role of tourism in supporting the Kingdom’s broader economic objectives.
The Broader Diriyah Masterplan
The Diriyah Project
The expansive Diriyah project, valued at $ 63.2 billion, is expected to span 14 square kilometers. Once completed in 2030, it will house 42 hotels, over 100 restaurants, nine museums, and 30,000 homes. The project aims to create over 178,000 jobs and attract more than 50 million annual visits.
In alignment with this project, Diriyah Company has joined the United Nations World Tourism Organization as an Affiliate Member to help boost global tourism collaboration and advance Saudi Arabia’s tourism sector.
Diriyah is envisioned as the Silicon Valley of Saudi Arabia, hosting 500 technology companies, 100 media firms, and 50 entertainment companies. This influx of businesses will likely create demand for a range of residential options, from studio apartments to two-bedroom houses.
Diryimasterplan includes residential areas that will house approximately 100,000 residents, fostering a sense of community within the development.
Midad’s Contribution to the Project
Midad Development and Real Estate Investment Company is renowned for its high-end residential and hospitality projects across Saudi Arabia. This partnership marks a significant milestone for Midad, allowing the company to expand its portfolio and contribute to the Kingdom’s tourism ambitions.
The collaboration aims to deliver a development that exemplifies design excellence and world-class service. By combining luxury with cultural authenticity, the Four Seasons Hotel and Private Residences Diriyah will set new standards in the hospitality sector.
Aligning with Vision 2030
The Four Seasons Hotel and Private Residences Diriyah aligns seamlessly with Saudi Arabia’s Vision 2030, which aims to diversify the economy and promote tourism as a key sector. This partnership exemplifies the Kingdom’s commitment to transforming its tourism landscape.
By investing in luxury hospitality, Saudi Arabia is taking significant steps toward reducing its reliance on oil revenues. The Four Seasons project is a testament to the Kingdom’s efforts to create a sustainable and diverse economy.
The overall Diriyah initiative is expected to create over 180,000 jobs and attract up to 50 million visitors annually. This ambitious project will not only contribute to the local economy but also promote cultural exchange and understanding.
Shaping Luxury in Diriyah
The partnership between Diriyah Company and Midad Development and Real Estate Investment Company marks a significant milestone in the evolution of Saudi Arabia’s luxury tourism sector.
The Four Seasons Hotel and Private Residences Diriyah is set to become a cornerstone of the Kingdom’s Vision 2030 initiative, contributing to economic growth, job creation, and cultural preservation.
More Exciting Projects in Diriyah
VOX Cinemas Multiplex
Diriyah Company has partnered with Majid Al Futtaim to launch VOX Cinemas multiplex and 7 premier retail brands at Diriyah Square in Riyadh.
Spanning over 13,000 sqm, the project will feature retail brands, including Lululemon, Crate & Barrel, AllSaints, and Shiseido’s first standalone store in Saudi Arabia.
The partnership aims to support Vision 2030 goals to boost tourism, retail, and entertainment across the Kingdom.
Chedi Residences Wadi Safar
Chedi Hospitality has partnered with Diriyah Company to launch The Chedi Residences Wadi Safar near Riyadh’s Diriyah UNESCO World Heritage Site.
The residences are due to feature 20 limited Bjarke Ingels Group’s designed villas and will offer 4 and 5 bedroom homes with sweeping views of a Greg Norman golf course.
They will also offer 5 star resort lifestyle with dining, wellness, retail, an exclusive club, and mark Chedi’s debut in Saudi Arabia.
Amansamar Resort and Residences Diriyah
Ultra luxury brand Aman Group has unveiled Amansamar, a new resort and residence in Wadi Safar, near Riyadh’s Diriyah UNESCO World Heritage Site.
Designed by Jean-Michel Gathy, Amansamar is due to feature an 80 key hotel, 5 to 6 bedroom branded residences with stunning panoramic views, with golf, polo, and spa facilities
It marks Aman’s first branded residences in Saudi Arabia and is part of the group’s regional expansion in luxury hospitality.
Asaan Museum
Diriyah Company has announced the construction of the Zaha Hadid designed “Asaan Museum” in historic Diriyah.
This stunning 3 story museum is due to span 40,000 square metres and will feature Najdi heritage inspired courtyards, artefacts, workshops, and interactive exhibits.
The museum is part of the $63 Billion Diriyah Gate project and aims to highlight the historical birthplace of Saudi Arabia.
Armani Branded Residences
Diriyah Company has unveiled Saudi Arabia’s first Armani Branded Residences in Diriyah.
Located close to the future Armani Hotel Diriyah, this exclusive project will feature 15 fully furnished homes inspired by Najdi style and designed by Giorgio Armani.
The residences will link through the striking “Tower of Light” staircase and offer access to top-class amenities, further strengthening Diriyah’s image as a leading luxury destination.
Opening of Bab Samhan, The First Luxury Collection Hotel
Marriott International has launched Bab Samhan, the first Luxury Collection Hotel in Diriyah, Saudi Arabia.
The hotel has 134 guest rooms, including 23 suites, combining Najdi-style design with modern comfort. Each room showcases handcrafted pieces and local artwork.
Guests can enjoy three exceptional restaurants, a top-tier wellness spa, and cultural activities, including guided UNESCO tours of Diriyah for an immersive experience.
Dolce & Gabbana Boutique and Cafe
Dolce & Gabbana, the renowned Italian luxury brand, has launched its largest boutique in Saudi Arabia at Bujairi Terrace, Diriyah.
Spanning 1,500 square meters, the boutique includes the DG Caffè, marking the brand’s first café in the Kingdom.
The store combines signature Italian sophistication with an exclusive Abaya collection, while the café serves Italian dishes infused with flavors suited to Saudi preferences.
This prestigious addition solidifies Bujairi Terrace’s reputation as a prime destination for luxury dining and shopping, in line with Diriyah’s cultural aspirations.
Diriyah’s 2 Multibillion Dollar Districts
Saudi Arabia has announced the unveiling of two major districts as part of the $63 billion Diriyah Gigaproject. The first is the Qurain Cultural District, and the second is the Northern District.
The Qurain District will host two luxury hotels, while the Northern District, already under development, will feature the King Salman Foundation, a university, museums, a library, and a public plaza.
These new districts are set to enhance Riyadh‘s cultural and tourism attractions, in line with the goals of Saudi Vision 2030.
Raffles Residences Diriyah
Diriyah Company has introduced the remarkable during the Cityscape Global 2024 event in Riyadh.
This unique development will feature 90 luxury apartments and townhouses inspired by Najdi architecture, offering breathtaking views of Wadi Hanifah and access to top-tier facilities at the Raffles Diriyah Hotel.
The Raffles Residences initiative aligns with Diriyah’s vision to become a leading luxury destination, welcoming over 100,000 future residents and 50 million visitors annually.
Diriyah 8 New Hotels’ Construction
Diriyah Company will launch construction on 8 New Luxury Hotels this November as part of its $63 billion mega-project.
The lineup features The Ritz-Carlton, The Baccarat Hotel, The Armani Hotel, The Address Hotel, The Rosewood Hotel, and Raffles.
These hotels are scheduled to be fully open to guests by 2027, while the new Bab Samhan Marriott Luxury Hotel is set to welcome visitors this November.
Designs of Wadi Safar Equestrian and Polo Club
Diriyah Company has introduced the Najdi-inspired architectural plans for Wadi Safar Equestrian and Polo Club, situated close to Riyadh.
Wadi Safar is a high-end, master-planned community featuring hotels and residences located in the historic Diriyah area of Riyadh.
Recently, Diriyah Company awarded a $2.1 billion contract to construct the Equestrian and Polo Club and four luxury hotels, including the renowned Six Senses brand.
Diriyah’s Wadi Safar
Diriyah Company has granted its biggest ever $2.13 billion contract to date, valued to Albawani and Urbacon Company for the development of Wadi Safar in Riyadh.
The contract will consist of four high-end hotels, including Aman, Six Senses, Chedi, and Faena, along with the Royal Diriyah Equestrian & Polo Club, retail spaces, mosques, and clinics.
This aligns with Diriyah’s goal to accommodate 000 individuals and tourists and to evolve into a top cultural and leisurely tourism hotspot.
Diriyah Zallal
Diriyah company has announced the details of its upcoming premier commercial and retail center, Zallal, which is set to open in 2025.
Located next to the renowned Bujairi Terrace and At-Turaif UNESCO World Heritage site, Zallal will have direct access to Wadi Hanifah.
The development will consist of two low-rise office buildings and 12 retail and dining places and has already sparked interest from national and international brands.
Zallal is expected to bring vibrancy to Diriyah’s ever-changing landscape, providing a prime location near the new luxurious Bab Samhan Hotel.
Diriyah Arena
Diriyah Company has announced plans for a 20,000 Seater Arena in Diriyah as part of Diriyah’s $63 billion Gigaproject master plan, located on the outskirts of Riyadh.
London’s HKS architects have introduced groundbreaking designs, unveiling a 76,000 square-meter Diriyah arena embraced by an urban park.
Drawing inspiration from the intricate motifs of Najdi forts and palaces, the Arena’s design harmonizes Saudi heritage with a touch of modern sophistication.
Upon its completion, the arena aspires to establish itself as a frontrunner in the Middle East, welcoming prominent sports and cultural events.
The Ritz-Carlton Branded Residences
Diriyah Company and Ritz-Carlton have also announced the launch of the first Ritz-Carlton Luxury Branded Residences in the Kingdom to nurture a harmonious community experience and promote social interaction through cultural venues, plazas, and leisure facilities.
The Villas will have 3 distinct luxury interior designs ranging from Najdi to contemporary. On completion, the Diriyah Project will feature 20,000 residential units, luxury hotels, and restaurants.
The Ritz-Carlton Residences offers six residential villa layouts with three to five bedrooms. Each villa includes a courtyard, an ideal space for residents to relax and unwind. Furthermore, residents can choose three interior designs, from traditional Najdi to contemporary.
Keep Reading: Majid Al Futtaim to Open VOX Cinemas and 7 Premier Lifestyle Brands at Diriyah Square
