In a strategic move, the Diriyah Company and the Diriyah Gate Development Authority (DGDA) have joined forces with the Saudi Contractors Authority (SCA), signing a Memorandum of Understanding (MoU) to enhance collaboration across all sectors. The MoU aims to streamline contractor engagement processes and effectively tackle regulatory challenges within the contracting sector. The agreement also facilitates data exchange and fosters solutions to boost operational efficiency and innovation.
Key Objectives of the MoU
Mr. Jerry Inzerillo, Diriyah Company Group CEO and the Diriyah Gate Development Authority, and Mr. Mohammed bin Abdulaziz Al-Ajlan, Chairman of the Saudi Contractors Authority signed the agreement. This partnership supports Saudi Vision 2030’s emphasis on unifying efforts and improving accountability. The alignment ensures efficient project execution and flexibility in overcoming challenges faced by contractors.
This collaboration represents a significant step toward preserving and showcasing Diriyah as a crucial historical landmark. The MoU focuses on the sustainable development of Diriyah, emphasizing its rich architectural, cultural, and artistic heritage. This initiative contributes meaningfully to Saudi Arabia’s cultural and economic growth in line with national goals.
Building a World-Class Cultural Destination
Diriyah Company reaffirms its commitment to developing the Diriyah project into a premier cultural and tourism destination. The project incorporates a wide array of assets, including cultural, educational, and residential spaces. This integrated, mixed-use community seeks to attract global visitors while supporting Saudi Vision 2030 and enhancing the Kingdom’s GDP.
The Saudi Contractors Authority’s involvement highlights its dedication to advancing the contracting sector. By empowering its workforce, the Authority drives innovation and fosters collaboration among stakeholders. Together, these initiatives will establish a secure and high-quality environment for successful project execution.
Diriyah: Saudi Arabia’s Premier Destination
Diriyah, located just 15 minutes from Riyadh’s city center, serves as a crucial part of Saudi Arabia’s Vision 2030 initiative. This 14-square-kilometer development, established in 1727, holds considerable historical value. Diriyah is transforming into an authentic Najdi-style mixed-use urban community, centered around the UNESCO World Heritage Site of At-Turaif.
Upon completion, Diriyah will accommodate 100,000 residents and visitors. The development will feature various cultural, entertainment, retail, hospitality, and educational spaces. Bujairi Terrace emerges as Riyadh’s premium dining hub, offering stunning views of At-Turaif and a variety of dining experiences.
Establishing Diriyah as ‘The City of Earth’
Founded in 2022, Diriyah Company focuses on redefining urban planning while adhering to top preservation standards. The company aims to complement Diriyah’s cultural landmarks with world-class retail and hospitality offerings. As a Public Investment Fund (PIF) firm, Diriyah Company emphasizes strategic asset management to ensure sustainable growth.
In conclusion, this partnership sets the framework for establishing Diriyah as one of the world’s greatest gathering places while aligning with the strategic objectives of Vision 2030.
