The Waldorf Astoria Diriyah super block project has been officially signed for SAR 2.7 billion, marking a significant milestone in the development of Riyadh’s historic district. Hassan Allam Holding announced that its subsidiary, Hassan Allam Construction Saudi, secured the contract in a joint venture with UCC Saudi. The contract was awarded by the Diriyah Company to develop the mixed-use destination. Consequently, this project represents a major addition to the local hospitality sector.
Project Specifications and Scope
Spanning approximately 241,000 square meters of built-up area, the mixed-use development will bring together several distinct components. Specifically, the project features the 200-key Waldorf Astoria Hotel alongside 47 branded residences. In addition, the site will host commercial and office buildings, an integrated super basement, and a public realm. These facilities are designed to integrate into one of the Kingdom’s most prestigious destinations.
The Waldorf Astoria Diriyah Signing Ceremony
The official signing ceremony for the Waldorf Astoria Diriyah took place in Riyadh, Saudi Arabia, on July 28, 2026. Notably, the event was attended by Hassan Allam, Chairman and CEO of Hassan Allam Holding. Meanwhile, Jerry Inzerillo, Group CEO of Diriyah Company, and Samer Ibrahim, CEO of UCC Holding, were also present to formalize the agreement. This high-level attendance highlights the strategic importance of the development for all participating entities.
Strategic Joint Venture Partners
The execution of the Waldorf Astoria Diriyah development relies on a joint venture between Hassan Allam Construction Saudi and UCC Saudi. Consequently, this partnership combines regional construction expertise to deliver the large-scale project. Furthermore, the development aligns with ongoing transformation efforts within the historic Diriyah district. The collaboration aims to ensure high standards of execution across all phases of construction.
Regional Construction Legacy
Hassan Allam Holding brings a legacy of 90 years of construction experience across the Middle East and North Africa region. Through this collaboration with Diriyah Company, the firm aims to deliver landmark developments in Saudi Arabia. Ultimately, the project contributes to the growing hospitality and commercial infrastructure in the Kingdom. The company stated that it remains committed to shaping destinations that serve as symbols of quality and execution.
As Saudi Arabia continues its economy diversification, projects like this super block play a key role in expanding the tourism sector. The integration of luxury hospitality, branded residences, and commercial offices in a single location supports the regional demand for premium mixed-use spaces. Meanwhile, the joint venture partners will begin mobilization to initiate construction on the designated site.
