Saudi Arabia's Diriyah Awards Chinese Firm $1.53B Contract: What to Know
6 Articles
6 Articles
Saudi accelerates work on Riyadh cultural hub Diriyah
Saudi Arabia’s $63 billion Diriyah project was awarded two $2.1 billion contracts this week. Diriyah Company is accelerating work on Riyadh’s new cultural hub to prepare the capital for hosting Expo 2030. The larger contract — $1.53 billion to China Harbour Engineering — is to build the 20,000-seat Diriyah Arena along with three office towers. A separate $600 million contract went to a unit of Italy’s Webuild Group to develop 400 retail units in…
The project covers an area of approximately 74,000 square meters. Riyadh, July 19, 2025. Diriyah Development Company (DDC) signed a construction contract worth SAR 5.75 billion with a branch of China Harbor Engineering Corporation to develop the Diriyah Arena project. The project includes the Diriyah Arena building, three multi-use office buildings, and a parking lot, furthering Diriyah's goal of becoming a global cultural and tourism destinatio…
Diriyah Company Awards SAR 5.75 Billion Contract For Landmark Arena Block - Construction Business News Middle East
Diriyah Company has awarded a SAR 5.75 billion ($1.53 billion) construction contract to China Harbour Engineering Company Ltd. for the development of the Arena Block Written by Reeba Asghar Diriyah Company has awarded a major construction contract worth SAR 5.75 billion ($1.53 billion) to the Branch of China Harbour Engineering Company Ltd. (CHEC) for the Arena Block – a transformative district in the heart of Diriyah, the Kingdom’s cultural cap…
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