Diriyah Signs a Major Infrastructure Development Contract
Introduction: A Strategic Step to Promote Sustainable Development
Diriyah Development Company, one of the leading urban development companies in the Kingdom of Saudi Arabia, announced the signing of a SAR 4.225 billion contract to develop the infrastructure of the Diriyah project in the King Saud University area.
This contract is part of the Kingdom’s Vision 2030, which aims to promote sustainable development and develop infrastructure to support vital sectors such as education and tourism.
The project includes the relocation of some of the university’s administrative facilities and offices, reflecting the company’s commitment to achieving a balance between urban development and preserving the academic environment.
Contract Details: A Global Alliance for Excellence
The project was awarded to a joint venture comprising the Saudi branch of China Railway Construction Corporation Limited, China Railway Construction Group, and the Central Simple Construction Company Limited.
This alliance aims to provide infrastructure that meets the highest international standards, with a focus on efficiency and quality. This collaboration is a model for the international partnerships the Kingdom seeks to strengthen to support its major development projects.
Jerry Inzerillo, CEO of Diriyah Gate Development Company, said, “This contract represents an important step in our efforts to promote excellence in the education and infrastructure sectors. We are proud of our partnership with King Saud University and look forward to providing services that will contribute to enhancing the student experience and the academic community.”
Li Chongyang, Chairman of China Railway Construction Group, emphasized their commitment to delivering work that reflects international quality, noting that the project will be a distinctive addition to the Kingdom’s development process.
Project Importance: Supporting Education and Urban Development
The Diriyah Gate Project is one of the most prominent development projects in the Kingdom, aiming to transform the region into a global cultural and tourist destination while preserving its historical heritage.
Through this contract, the company seeks to enhance the infrastructure in the King Saud University area, providing an advanced academic environment that supports innovation and scientific research.
The relocation of administrative facilities will ensure uninterrupted academic operations, reflecting the company’s commitment to achieving a balance between development and sustainability.
Economic and Social Impact
The project is expected to contribute to the creation of new job opportunities, both during and after implementation, supporting the local economy. Improving the region’s infrastructure will also enhance Diriyah’s appeal as a cultural and educational center, reflecting the Kingdom’s vision of building a prosperous society.
This step underscores the role of the private sector in achieving national goals through strategic partnerships.
Conclusion: A Promising Future for Diriyah
Signing this contract is a major achievement that reinforces Diriyah’s position as a leading destination for sustainable development. Through collaboration with a global consortium and a strategic partnership with King Saud University, Diriyah Development Company (DDC) affirms its commitment to delivering high-quality projects that contribute to achieving the Kingdom’s Vision 2030.
As work on this project continues, everyone anticipates its positive impact on the academic community and the local economy, positioning Diriyah as a model for comprehensive development.
