Global luxury brands seek presence in 38 Diriyah hotels, residential projects: CEO

Jerry Inzerillo, CEO of the Diriyah Gate Development Authority

Diriyah Gate Development Authority (DGDA) has received overwhelming interest from several leading global luxury brands seeking a presence in its 38 hotels and branded residential developments, Group CEO Jerry Inzerillo said.

Diriyah and the other giga-projects operate as catalysts and economic pockets for the Vision 2030 tourism plans, he wrote in the Ministry of Investment's "Investment Highlights Q2 2022" report.

Diriyah initially expects to attract 27 million visitors per year.

"This sustainable, heritage-based cultural tourism will help support the Kingdom's broader ambition of 100 million annual visitors and increase tourism's GDP contribution from 3% to 10% by the end of the decade."

Inzerillo said there are numerous opportunities for service providers across the full scope of development and operation, from contracting on a wide range of individual assets that will make up the broader site to providing guest-related services.

DGDA recently awarded its largest contract to date to Salini Saudi Arabia Co., a SAR 3.99 billion ($1.06 billion) deal, to build Diriyah Square's 'super basement' car park.

Inzerillo revealed that the company will announce several new projects over the coming year, ranging from cultural hubs to educational institutions and major business headquarters.