Zawya - Press Releases: Al Diriyah Company announces the addition of 8 new brands to Al Diriyah Square
Diriyah : Diriyah Company announced today the addition of 8 new brands to Diriyah Square, in a move that reflects the accelerating pace of development work in the project, and keeps pace with the continuous progress in the implementation of construction work in more than 400 shops and restaurants, within one of the most prominent urban areas in Diriyah.
The brands announced include Adidas, Spinneys, Seven Luxury Wellness, Olly Olly, Al Dawaa Pharmacy, Alo Yoga, On Running, and Fakih Clinic, adding a wide range of activities that include shopping, health, and quality services.
The CEO of Diriyah Group, Jerry Inzerillo, explained that the addition of these brands constitutes a qualitative addition to Diriyah Square, and enhances its status as a vibrant area that embraces different patterns of daily activities, noting that the project balances between preserving the historical character of Diriyah, and providing modern facilities that meet the aspirations of residents and visitors, and support the quality of life.
The announcement comes amid growing interest from major local and international brands to be present in Diriyah Square, an indicator that reflects the attractiveness of the project and what it provides in terms of an integrated urban environment that has been designed to be pedestrian-friendly, with an architectural identity inspired by Najdi architecture, reflecting the spirit of the place and its history, while keeping pace with the requirements of contemporary life.
The new brands cover more than 15,000 square meters of retail and service space, offering diverse experiences through an Adidas store, the interactive children's toy museum "OliOli," Seven Luxury Wellness's health and relaxation facilities, and active lifestyle brands such as "Alo Yoga" and "On Running," reflecting the wide range of options and integrated offerings within the area. These agreements follow a series of previously announced deals, including one with VOX Cinemas and several other prominent retailers.
Earlier this year, Diriyah Company awarded a contract worth US$600 million, equivalent to SAR 2.249 billion, to Salini Saudi Arabia, a subsidiary of the “We Build” group, to carry out the development works of Diriyah Square, which includes 73 buildings and about 400 units intended for commercial and service use.
Diriyah is expected to contribute approximately US$18.6 billion, equivalent to 70 billion Saudi riyals, to the Kingdom’s GDP, provide approximately 180,000 job opportunities, accommodate around 100,000 residents, and receive approximately 50 million visits annually.
Diriyah is expected to include modern office spaces for thousands of workers in the fields of technology, media, innovation, arts and education, world-class museums, a university, the Royal Opera House in Diriyah, Diriyah Square, and about 40 luxury hotels, in addition to a wide range of restaurants and recreational facilities, including a golf club with a course designed by Greg Norman, and an equestrian and polo club in Wadi Safar.
A glimpse of Diriyah:
Diriyah is the world’s premier cultural and historical destination, the birthplace of the first Saudi state, and a monument that tells the story of its ancient glory since 1727 AD, which represents a prominent historical importance. It also houses the historic Al-Turaif district, which is one of the most important archaeological sites listed on the UNESCO World Heritage List.
As part of Saudi Arabia’s Vision 2030, Diriyah is poised to become a premier destination for history, culture, and lifestyle, blending the authenticity of the past with the vibrancy of the present. Located just 15 minutes by car from downtown Riyadh, the Diriyah Gate project spans a development area of 14 square kilometers.
Diriyah will become a home for more than 100,000 residents, workers, students and guests, and will offer a diverse range of activities that cater to all tastes and ages, with diverse sectors including hospitality, culture, entertainment, education and housing.
Al Bujairi Overlook welcomes its guests to enjoy the finest experiences in the hospitality sector, and includes more than 20 international and local restaurants and cafes, with stunning panoramic views of the historic Al Tarif district, Wadi Hanifa and Bab Samhan Hotel (the first hotel specializing in providing hospitality in Diriyah).
About Al-Diriyah Company:
The Diriyah Company, one of the major projects of the Public Investment Fund, was launched in 2023. It is responsible for developing the Diriyah project and transforming the cradle of the Kingdom of Saudi Arabia into a historical, cultural, and vibrant area, which will allow visitors to get to know the history of the Kingdom up close, in an authentic Najdi atmosphere filled with pride and honor for this ancient heritage.
Diriyah Company proudly works as the developer of its master plan to elevate the culture and hospitality sectors, offering a renewed concept for defining urban planning, to make Diriyah “the city of the earth”, with its firm commitment to the highest standards of design, development and preservation of its heritage in accordance with global standards.
-I finish-
#Company Data
Disclaimer regarding the content of press releases
The content of this press release is provided by a third-party provider. We do not assume any responsibility for, nor do we have any control over, such content. This content is provided on an "as is" and "as available" basis and is not edited in any way. Neither we, nor our affiliates, will be liable for the accuracy, endorsement, or completeness of any opinions, views, information, or materials contained in this content.
This press release is provided for informational purposes only; the content does not constitute legal, investment, or tax advice, nor does it offer any opinion on the suitability, value, or profitability of any particular portfolio or investment strategy. Neither we nor our affiliates will be liable for any errors or inaccuracies in the content, or for any actions you take based on that content. You expressly agree and acknowledge full responsibility for your use of the information contained in this press release.
To the extent permitted by applicable law, Refinitiv, its parent company, subsidiaries, affiliates, relevant shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors (collectively, the 'Refinitiv Parties') shall not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages; This includes, but is not limited to, losses of profits, savings, or revenues, whether due to negligence, tort, contract, or other theories of liability, even if the parties to Refinitiv were advised of the possibility of any such damages or losses occurring or actually anticipated them.
