Diriyah Company
Diriyah Company is a PIF-backed Saudi developer building the 14 sq km Diriyah heritage-urban masterplan near Riyadh, delivering 18,000+ residences, 40 hotels, retail, and offices around the UNESCO-listed At-Turaif site under Vision 2030.
- Company typePrivate
- Founded2023
- HeadquartersRiyadh, Saudi Arabia
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Diriyah Company does
Diriyah Company is a Saudi Arabia-based, Public Investment Fund (PIF)-backed property developer established in 2023 to deliver the 14 sq km Diriyah masterplan on the outskirts of Riyadh. The company operates as a successor to the Diriyah Gate Development Authority (DGDA), which was created by Royal Decree in 2017 to preserve and develop the area around At-Turaif, the UNESCO World Heritage Site inscribed in 2010 and the historical birthplace of the first Saudi State. Diriyah Company is chaired by HRH Crown Prince Mohammed bin Salman and led by CEO Jerry Inzerillo, and is classified as one of Saudi Arabia's flagship giga-projects under Vision 2030. The development targets 50 million annual visits by 2030, 100,000+ residents, 178,000+ jobs, 18,000+ residential units, 40 hotels, 1.6 million+ sqm of office GFA, and 566k+ sqm of retail GFA across the Diriyah 1 and Diriyah 2 masterplans, with a total committed development budget of SAR 236 billion ($63.2 billion) and over $29 billion in construction contracts awarded through April 2026.
Diriyah Company firmographics
Firmographics- Name
- Diriyah Company
- Legal name
- Diriyah Company
- Website
- https://diriyahcompany.sa
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Diriyah Company is a PIF-backed Saudi developer building the 14 sq km Diriyah heritage-urban masterplan near Riyadh, delivering 18,000+ residences, 40 hotels, retail, and offices around the UNESCO-listed At-Turaif site under Vision 2030.
- Ownership category
- akta.pro rank
Diriyah Company industry classification
Industry- Product category
- Mixed-Use Real Estate Development
- NAICS
- Land Subdivision (2372), Land Subdivision (23721), Land Subdivision (237210)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Master-Planned Community & POA Management (BPAJAHAD)
- akta.pro secondary industries
- HOA / Condominium Association Management (BPAJAFAH), Regional & Land Use Planning (BPAHAKAE), Association Maintenance, Vendor & Capital Project Management (BPAJAHAM), Land Brokerage (Raw Land & Development Sites) (FSAEAJAD)
Keywords
Where Diriyah Company is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Diriyah Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D
Revenue model
- Land Development and Leasing: Long-term land leases (70-year terms) and land parcel sales to developers for mixed-use, residential, hospitality, office, education and healthcare assets. Revenue generated through land lease arrangements with partners like King Saud University.
- Residential Property Sales: Direct sales of residential units including luxury villas, apartments, and branded residences. Manazel AlHadawi properties start from SAR 1.7 million. Over 18,000 residential units planned.
- Retail and Office Leasing: Leasing of retail spaces in Diriyah Square (400+ brands) and commercial office spaces. Over 566,000 sqm retail GFA and 1.6 million+ sqm office GFA planned.
- Hospitality Development: Joint venture hotel developments with luxury operators including Four Seasons, Ritz-Carlton, Aman, and others. Revenue through operator partnerships and branded residence sales.
- Project Financing: Financing agreements with banks and financial institutions for specific developments. $1.6 billion financing agreement with Banque Saudi Fransi for Wadi Safar development.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Manazel AlHadawi residential starting prices |
| One time/ perpetual license | Multi-year contract | Four Seasons Hotel and Private Residences Diriyah |
| One time/ perpetual license | Pay-as-you-go | Armani Residences Diriyah |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
Diriyah Company product offering
Product offeringCore offering
Diriyah Company develops a 14 sq km mixed-use giga-project on the outskirts of Riyadh adjacent to the UNESCO World Heritage Site of At-Turaif. The company sells luxury residential units, leases retail and office spaces, develops branded hotel and residence projects with international operators, and offers long-term land leases to developers and institutional partners under Saudi Arabia's Vision 2030 program.
Differentiator
Problem solved
Functional benefit
Products and services
- Manazel AlHadawi Residential Area
- Armani Residences Diriyah
- The Chedi Residences Wadi Safar
- Faena Residences Wadi Safar
- Four Seasons Hotel and Private Residences Diriyah
- Diriyah Square Retail District
- Bawabah Offices
- Land Development and Leasing
- Saudi Arabia Museum of Contemporary Art (SAMoCA)
Quantifiable outcome
- 50 million annual visits projected by 2030
- +4 more outcomes
Companies that use Diriyah Company
Customer profileNamed customers16 records
Segments6 records
Ideal customer profiles4 records
Diriyah Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Diriyah Company partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered core and strategic.
- Ashoka Buildcon JV (49%) with BEC Arabia Contracting Co.coreMain Construction Works of Diriyah II - Delivery Partner for One Hotel project. Accepted bid valued at SAR 717 million (~$191 million) with Ashoka Buildcon share at SAR 351 million.
- Albawani Company Ltd. & Hassan Allam Construction SaudicoreJoint venture awarded $490 million construction contract for Saudi Arabia Museum of Contemporary Art (SAMoCA) with 45,252 sqm gross floor area. Museum designed by Godwin Austen Johnson with Mostadam Gold certification.
- Dar Al Arkan, Dar Global & Trump OrganizationcoreTrump International Golf Club Wadi Safar - 2.6 million sqm luxury resort with championship golf course, Trump-branded hotel, and premium residences in Diriyah's Wadi Safar masterplan.
- Midad Development and Real Estate Investment Companycore$827 million joint development for Four Seasons Hotel and Private Residences Diriyah on 235,938 sqm site. First major partnership between Diriyah Company and Midad, contributing to nearly 40 luxury hotels planned.
- King Saud University (Riyadh Valley Company)core70-year lease agreement for 552,000 square meters of land for Phase Two development. Maximizes university assets through sustainable investment model while integrating academic sector with national development projects under Vision 2030.
- Schneider ElectricstrategicCollaboration focusing on digital innovation and sustainability for Diriyah's smart city development, leveraging Schneider Electric's energy and building management expertise.
- ApplecoreApple executed lease for iconic flagship store in Diriyah Square, marking first flagship Apple Store location in Saudi Arabia, opening 2026.
- BEC Arabia Contracting CompanycoreContracts for Media and Innovation District - South Offices and Manazel AlHadawi plots, part of $1.5 billion (SAR 5.7 billion) in contract awards.
- Almabani General ContractorscoreAwarded King Khalid Road Main Works contract for critical infrastructure enhancing connectivity and accessibility.
- Parsons Corporationcore$56 million contract for Phase 2 design and construction supervision of urban development elements over five years. Creating culturally significant, walkable city near Riyadh.
- Al-Majal El-Arabi Group & MAN Enterprise AlSaudia LLCcoreJoint venture for Grand Mosque development ($244 million/SAR 917 million) in Diriyah's second phase. Designed by X Architects with LEED Gold and Mostadam Gold certification targets.
- Majid Al Futtaim HoldingcoreLandmark partnership introducing VOX Cinemas multiplex (7,632 sqm) and 7 premier brands including Shiseido, lululemon, Crate & Barrel, Abercrombie & Fitch totaling 13,167 sqm. First major lifestyle and entertainment partner.
- Salini Saudi Arabia (Webuild Group subsidiary)core$600 million contract for construction of 400 retail units in Diriyah Square, encompassing 73 individual buildings with shell-and-core retail units.
- Kakao MobilitystrategicMoU for smart mobility infrastructure including digital transport systems and smart parking solutions. Pilot project for parking facilities accommodating 50+ million annual visitors, with capacity for 60,000+ vehicles.
- Aman GroupcoreAgreement to develop two Aman hotels: Aman Wadi Safar and Janu Diriyah.
- Integrated Telecom Company LLC & Telecommunications Towers Company Ltdcore15-year deal for telecommunications infrastructure supply to Diriyah.
- Accor (via Faena partnership)coreGlobal strategic partnership - Faena residence owners receive Accor Live Limitless Diamond tier status with access to 5,700+ hotels worldwide.
- Godwin Austen JohnsonstrategicArchitectural firm designing Saudi Arabia Museum of Contemporary Art (SAMoCA) with multidisciplinary support from Rafaat Miller Consulting.
- Rafaat Miller ConsultingstrategicMultidisciplinary support for SAMoCA museum design.
- X ArchitectsstrategicAward-winning architectural firm designing Grand Mosque in Diriyah's second phase.
- Bjarke Ingels Group (BIG)strategicInternationally acclaimed architectural firm designing The Chedi Residences Wadi Safar.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Diriyah Company competitors and assessment
Company assessmentDirect peers
- NEOM Company: Saudi PIF-owned giga-project developer building a $500bn+ futuristic region including The Line, Trojena, and Sindalah. Directly comparable as a sovereign-backed Saudi mega-development competing for the same tourism, hospitality, and capital pools.
- Red Sea Global (RSG): PIF-owned developer of The Red Sea and AMAALA luxury tourism destinations on Saudi Arabia's western coast. Comparable as a parallel Saudi heritage/luxury giga-project targeting similar international tourism demand and hotel brand partnerships.
- Qiddiya Investment Company: PIF-owned developer of Saudi Arabia's entertainment and tourism megaproject near Riyadh. Comparable as a fellow PIF giga-project competing for Vision 2030 tourism share, leisure operators, and contractor capacity.
- ROSHN: PIF-owned Saudi residential developer delivering master-planned communities at national scale. Comparable as a fellow PIF-backed master-planned developer pursuing large-scale community build-out and Vision 2030 housing targets.
- King Abdullah Economic City (Emaar Economic City): Saudi master-planned economic city developer on the Red Sea coast. Comparable as a Saudi mega-scale master-planned city combining residential, industrial, and tourism uses under similar Vision 2030-aligned capital structures.
Broad incumbents
- Emaar Properties: UAE-listed master developer of Downtown Dubai, Dubai Marina, and other mixed-use mega-communities. Comparable as an established regional luxury/mixed-use master developer with similar hotel-operator partnership model and branded-residence playbook.
- Aldar Properties: Abu Dhabi-listed master developer of Yas Island, Saadiyat, and Al Raha. Comparable as an established GCC master-planned community developer pursuing mixed-use tourism, residential, and retail at scale with similar hotel brand partnerships.
- Meraas: Dubai Holding-owned developer of City Walk, Bluewaters, La Mer and other mixed-use destinations. Comparable as a GCC heritage/lifestyle mixed-use developer combining tourism, retail, residential and cultural assets with hotel brand partnerships.
Regional players
- Dar Al Arkan Real Estate Development: Saudi-listed luxury real estate developer of branded residences (Trump, Bugatti, Pagani, Versace) across Saudi Arabia. Comparable as a Saudi luxury residential developer partnering with global brands, and notably a co-development partner with Diriyah on the Trump Wadi Safar project.
- Lusail Real Estate Development Company: Qatari state-backed developer of Lusail City, a 38 sq km master-planned host city for the FIFA World Cup. Comparable as a GCC sovereign-backed mixed-use giga-project combining UNESCO/heritage positioning, luxury hospitality, residential, and retail at scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Diriyah Company social profiles
Digital presenceDiriyah Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Diriyah Company leadership team
Management profileNumber of profiles
Profiles9 records
Diriyah Company funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Diriyah Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Diriyah Company
What does Diriyah Company do?
Diriyah Company develops a 14 sq km mixed-use giga-project on the outskirts of Riyadh adjacent to the UNESCO World Heritage Site of At-Turaif. The company sells luxury residential units, leases retail and office spaces, develops branded hotel and residence projects with international operators, and offers long-term land leases to developers and institutional partners under Saudi Arabia's Vision 2030 program.
Is Diriyah Company a public or private company?
Diriyah Company is a private company. It is classified as corporate owned and is currently operating.
When was Diriyah Company founded?
Diriyah Company was founded in 2023. It employs 1,001 to 5,000 people.
Where is Diriyah Company based?
Diriyah Company is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Diriyah Company make money?
Five revenue lines are on record. Land Development and Leasing is the primary driver. The others are residential Property Sales, retail and Office Leasing, hospitality Development and project Financing.
Who are Diriyah Company's main competitors?
Direct peers on record are NEOM Company, Red Sea Global (RSG), Qiddiya Investment Company, ROSHN and King Abdullah Economic City (Emaar Economic City). Broad incumbents are Emaar Properties, Aldar Properties and Meraas. Regional players are Dar Al Arkan Real Estate Development and Lusail Real Estate Development Company.
Does Diriyah Company have an API?
No public API is recorded for Diriyah Company.
What industry is Diriyah Company in?
Diriyah Company's product category is Mixed-Use Real Estate Development. Its primary akta.pro industry code is BPAJAHAD, Master-Planned Community & POA Management, with a secondary code of BPAJAFAH, HOA / Condominium Association Management. Its NAICS code is 2372 and its SIC code is 6552.