Saudi Arabia’s Diriyah writing a new chapter in kingdom’s economic diversification

Diriyah is one of Saudi Arabia’s most historically significant giga-projects
 

Saudi Arabia: Diriyah aspiring to become one of world's foremost cultural capitals   

Diriyah — one of Saudi Arabia’s most historically significant giga-projects — is entering a decisive new phase. Defined by accelerated development, deeper partnerships and a more assertive cultural vision, the project is leveraging its status as the birthplace of the first Saudi state to shape a compelling global investment story.

For Kiran Jay Haslam, Chief Marketing Officer of Diriyah, this heritage is not simply a backdrop — it is the core of the project’s value proposition. Speaking to Gulf Business at Cityscape Global 2025, he described Diriyah as “the most important project of all,” rooted in the legacy of the Al-Saud family and the identity of the Saudi people.

 

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“It’s such a rich story, rich heritage, and incredible legacy,” he said. “Not only of the people and the place, but of the vision of the leadership.”

Unlocking new opportunities ahead of 2030

With the master plan set to reach substantial completion by 2030, Diriyah is sharpening its focus on opening opportunities across commercial office space, hospitality, retail, food and beverage, and the public realm.

“We remain fully committed to delivering by 2030,” Haslam said, noting that the next 12–24 months will see rapid expansion in partnerships with operators and developers who appreciate the project’s unique cultural and architectural requirements.

He emphasized that prospective partners must understand Diriyah’s form-based code — rooted in Najdi and Salmani design — from adobe mud-brick exteriors to pedestrian-first urban planning. “We need operators who understand the importance of the master plan, the architecture, the pedestrian nature of the city and the quality of life we’re unlocking.”

Balancing authenticity with global commercial appeal

One of Diriyah’s greatest challenges — and opportunities — lies in merging deep cultural heritage with world-class asset development.

“It’s easy to maintain authenticity in physical form,” Haslam noted. “What’s harder is complementing it with operations that can work within this strict code.”

 

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This extends to hospitality, where every brand must deliver a Diriyah-specific interpretation. “A Six Senses in Diriyah should feel unique to Diriyah. A Radisson in Diriyah should feel unique to Diriyah.”

Diriyah is now inviting developers, operators and investors to bring forward proposals across mixed-use assets, hospitality, retail concepts, public realm activations and community-led ventures. Its in-house asset management organisation may also co-operate with partners where strategically aligned.

“Tell us who you are, why you want to be part of the Diriyah plan, and let’s explore the value we can unlock together,” he said.

Why global investors are paying attention

Diriyah’s momentum is closely tied to Riyadh’s rising economic performance. The project alone is expected to create at least 170,000 jobs, while supporting demand for Grade A office space, luxury hospitality and experiential retail.

Haslam highlighted the significance of Diriyah’s fully pedestrianised core — one of the largest in the world. “This is a game changer for retail, entertainment, and F&B.”

Investors, he added, are already reading the signals across the kingdom: stronger footfall, expanding tourism, longer dwell times and a rapidly evolving consumer landscape.

A cultural capital built for the next 300 years

Diriyah aspires to become one of the world’s foremost cultural capitals — a goal Haslam insists must be grounded in authenticity.

“Culture has to be real. If it’s not real, it’s entertainment.”

This authenticity is reflected in every dimension of the project: a workforce that is 85% Saudi, including more than 14% from Diriyah itself; a master plan that dedicates 25% of land to green and public spaces; and a commitment to everyday community life.

 

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“We need the small, mom-and-dad falafel shop so that university students don’t need to go to a five-star hotel lobby for lunch,” Haslam said.

Looking ahead, he framed Diriyah’s vision in centuries, not decades. “Three hundred years from today, people will see that the quality-of-life proposition embedded in Diriyah’s new master plan was as profound as the one created 300 years ago in At-Turaif.”

Partnership momentum at Cityscape Global

Haslam confirmed that several MOUs and partnership announcements would be unveiled during Cityscape, reflecting the growing pipeline of residential, retail and commercial opportunities.

With branded and unbranded residential communities coming to market, increasing investor interest, and multiple districts moving toward delivery, Diriyah is cementing its role as one of the kingdom’s most strategically influential developments.

As Saudi Arabia pushes toward Vision 2030, Diriyah’s fusion of heritage, culture and modern urbanism positions it as an enduring cultural and investment hub — designed not just for this generation, but for the next 300 years.

Source: Gulf Business

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