Diriyah Company

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.

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

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

• Mixed-use real estate development
• Luxury residential properties
• Hospitality development
• Retail leasing services
• Heritage urban development

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core 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

Named customers16 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

21 partnerships are on record, tiered core and strategic.

• Ashoka Buildcon JV (49%) with BEC Arabia Contracting Co.coreImplementation/ SI/ Consulting Partner · 27 April 2026Main 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 SaudicoreImplementation/ SI/ Consulting Partner · 26 April 2026Joint 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 OrganizationcoreStrategic or Co-development Partner · 12 January 2026Trump 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 CompanycoreStrategic or Co-development Partner · 7 January 2026$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)coreStrategic or Co-development Partner · 18 December 202570-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 ElectricstrategicTechnology or Integration · 11 December 2025Collaboration focusing on digital innovation and sustainability for Diriyah's smart city development, leveraging Schneider Electric's energy and building management expertise.
• ApplecoreChannel Partner/ Reseller/ Distributor · 8 December 2025Apple executed lease for iconic flagship store in Diriyah Square, marking first flagship Apple Store location in Saudi Arabia, opening 2026.
• BEC Arabia Contracting CompanycoreImplementation/ SI/ Consulting Partner · 17 November 2025Contracts 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 ContractorscoreImplementation/ SI/ Consulting Partner · 17 November 2025Awarded King Khalid Road Main Works contract for critical infrastructure enhancing connectivity and accessibility.
• Parsons CorporationcoreImplementation/ SI/ Consulting Partner · 30 October 2025$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 LLCcoreImplementation/ SI/ Consulting Partner · 8 October 2025Joint 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 HoldingcoreStrategic or Co-development Partner · 5 October 2025Landmark 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)coreImplementation/ SI/ Consulting Partner · 14 July 2025$600 million contract for construction of 400 retail units in Diriyah Square, encompassing 73 individual buildings with shell-and-core retail units.
• Kakao MobilitystrategicTechnology or Integration · 1 June 2025MoU 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 GroupcoreStrategic or Co-development Partner · 1 April 2023Agreement to develop two Aman hotels: Aman Wadi Safar and Janu Diriyah.
• Integrated Telecom Company LLC & Telecommunications Towers Company LtdcoreTechnology or Integration · 1 February 202315-year deal for telecommunications infrastructure supply to Diriyah.
• Accor (via Faena partnership)coreStrategic or Co-development PartnerGlobal strategic partnership - Faena residence owners receive Accor Live Limitless Diamond tier status with access to 5,700+ hotels worldwide.
• Godwin Austen JohnsonstrategicImplementation/ SI/ Consulting PartnerArchitectural firm designing Saudi Arabia Museum of Contemporary Art (SAMoCA) with multidisciplinary support from Rafaat Miller Consulting.
• Rafaat Miller ConsultingstrategicImplementation/ SI/ Consulting PartnerMultidisciplinary support for SAMoCA museum design.
• X ArchitectsstrategicImplementation/ SI/ Consulting PartnerAward-winning architectural firm designing Grand Mosque in Diriyah's second phase.
• Bjarke Ingels Group (BIG)strategicImplementation/ SI/ Consulting PartnerInternationally acclaimed architectural firm designing The Chedi Residences Wadi Safar.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct 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

• Xx.com/diriyahco
• Facebookfacebook.com/DiriyahCo
• LinkedInlinkedin.com/company/diriyah-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Diriyah Company