Tag Archives: Diriyah

Diriyah Company announced a new joint development agreement with Midad Development and Real Estate Investment Company to build the Four Seasons Hotel and Private Residences Diriyah. The new partnership formalizes the collaboration between the two companies to develop the 159-room luxury Four Seasons Hotel Diriyah and Four Seasons Private Residences within Diriyah’s masterplan, spanning 235,938 square meters. The total value of the project stands at $827 million (SAR 3.1 billion), encompassing both land acquisition and construction costs. Midad is a prominent real estate developer, steadily expanding its luxury portfolio through a growing pipeline of high-end projects and strategic brand partnerships, reinforcing its position as a trusted name in premium residential and hospitality development across the Kingdom. This collaboration marks the first major partnership between Diriyah Company and Midad, supporting the delivery of one of the nearly 40 luxury hotels planned across Diriyah’s two main masterplans, the 14 square kilometer Diriyah project and the neighboring 62 square kilometer Wadi Safar project – the exclusive luxury destination adjacent to Diriyah, blending lifestyle, culture and leisure. His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia and Secretary General of Diriyah Company, said: “Saudi Arabia continues to set new benchmarks in destination development, and Diriyah stands at the forefront of this evolution. Partnerships such as this enhance the Kingdom’s global tourism offering and reinforce our position as a leading destination.” Jerry Inzerillo, Group CEO Diriyah Company, commented: “The Four Seasons Hotel Diriyah will be one of our largest luxury hotels and we are proud to announce this joint development agreement with Midad, one of the Kingdom’s leading real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to participate …

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