Project to Include Waldorf Astoria Hotel and Residences, Retail Facilities, Housing, and Office Space

Riyadh | BETH | B

Diriyah Company has awarded a $727 million contract for the development of a mixed-use project featuring a Waldorf Astoria hotel and branded residences, alongside retail facilities, residential units, and office spaces, as part of the ongoing transformation of Diriyah.

BETH Analysis | B

The project reflects Diriyah’s continued strategy of creating an integrated destination that combines luxury hospitality, residential living, business, and retail, moving beyond the concept of conventional real estate developments.

The inclusion of the globally recognized Waldorf Astoria brand also highlights Saudi Arabia’s focus on the luxury hospitality sector, while strengthening Diriyah’s appeal as a cultural, tourism, and investment destination in line with the objectives of Vision 2030.

Notably, Diriyah’s developments are being designed not as isolated projects, but as an integrated urban ecosystem, underscoring a broader ambition to build a global city that blends heritage with modern economic activity and contemporary lifestyles.