Riyadh, Saudi Arabia — Diriyah Company has awarded a $600 million (SAR 2.249 billion) construction contract to Salini Saudi Arabia, part of the Webuild Group. The agreement covers the development of the retail core of Diriyah Square—an anchor district within the historic Diriyah Masterplan and a central component of Diriyah Square retail construction in 2025.
The contract includes the construction of 73 buildings featuring 400 shell-and-core retail units, covering a total area of 365,340 square meters. It also involves full façade works, finishes, and interior fit-outs. Each structure will reflect traditional Najdi architecture, creating a pedestrian-friendly retail environment rooted in 300 years of Saudi heritage.
Diriyah Square: Advancing Saudi Retail and Architectural Excellence
Diriyah Square is set to become the center of Riyadh’s future retail and leisure landscape. It will combine global luxury brands with local artisans, as well as offering dining and entertainment options. This new district forms a major component of Diriyah, the City of Earth—a $63.2 billion (SAR 237 billion) giga-project spanning 14 square kilometers.
This contract is Salini’s third major assignment within Diriyah Square. The company is already building a 10,500-space underground car park—one of the world’s largest. The facility includes advanced access systems, a four-lane subterranean gyratory, and integrated transport links. Additionally, Salini is responsible for the structural work on hotels, offices, homes, and the Grand Mosque.
Scaling Up Giga-project Momentum in 2025
With this award, Diriyah Company’s total contract value has now exceeded SAR 100 billion ($26 billion). Of this, SAR 20 billion ($5 billion) was committed during the first half of 2025. The latest contract underscores Saudi Arabia’s continued commitment to visionary developments aligned with Vision 2030.
Once complete, Diriyah is expected to contribute SAR 70 billion ($18.6 billion) to the country’s GDP. It will house 100,000 residents and generate around 180,000 jobs. It will also provide modern infrastructure for the tech, media, and arts sectors. Cultural venues such as the Royal Diriyah Opera House and the Diriyah Arena will further enhance its appeal.
Salini’s broader role reflects the increasing involvement of global contractors in Saudi Arabia’s giga projects. Since 1966, Webuild has completed over 90 projects across the Kingdom, ranging from transportation systems to desalination and civil infrastructure.
The Saudi Standard’s View: Diriyah Square Contract Signals Retail Confidence and Urban Vision
The $600 million contract awarded to Salini Saudi Arabia is more than just a milestone in construction. It represents a firm step toward realizing Saudi Arabia’s vision for modern, experience-driven urban development. Diriyah Square is poised to set a regional standard for integrated retail and cultural spaces, where tradition and innovation coexist.
The project’s scope—spanning 365,000 square meters and 73 buildings in Najdi style—highlights the Kingdom’s dedication to creating authentic, walkable commercial districts. These spaces aim to resonate with heritage while enhancing the appeal of tourism.
Salini’s growing role—from underground parking to structural development and now full retail execution—demonstrates continuity in delivery and trust in large-scale project capabilities.
With over SAR 100 billion in contracts awarded, Diriyah is evolving into a foundational element of Vision 2030’s plans for urban revitalization and cultural tourism.
Its economic footprint is significant. It will support 180,000 jobs, contribute SAR 70 billion to GDP, and house 100,000 people. This positions Diriyah as a major driver of urban growth and a key source of private sector opportunities.
Ultimately, this contract represents more than new buildings. It is an investment in culture, community, and the future of Saudi living. Diriyah Square’s move from blueprint to reality confirms the Kingdom’s capacity to build world-class spaces that honor its past while defining its future.
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