{"id":1259,"date":"2024-07-24T11:35:00","date_gmt":"2024-07-24T08:35:00","guid":{"rendered":"https:\/\/albawani.com\/?p=1259"},"modified":"2026-04-27T12:59:02","modified_gmt":"2026-04-27T09:59:02","slug":"albawani-group-bolsters-saudi-vision-2030-portfolio-with-landmark-2-billion-wadi-safar-contract","status":"publish","type":"post","link":"https:\/\/albawani.com\/en\/albawani-group-bolsters-saudi-vision-2030-portfolio-with-landmark-2-billion-wadi-safar-contract\/","title":{"rendered":"Albawani Group Bolsters Saudi Vision 2030 Portfolio with Landmark $2 Billion Wadi Safar Contract"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-1024x683.png\" alt=\"\" class=\"wp-image-1260\" srcset=\"https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-1024x683.png 1024w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-300x200.png 300w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-768x512.png 768w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-1536x1024.png 1536w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-2048x1366.png 2048w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-18x12.png 18w, https:\/\/albawani.com\/wp-content\/uploads\/2026\/04\/image-20-900x600.png 900w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Diriyah Co. has signed a $2 billion contract with Urbacon Saudi Co. and Al-Bawani Group to develop the Wadi Safar project, including the Royal Diriyah Equestrian and Polo Club and several luxury hotels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cToday is a very big day,\u201d Diriyah Co. Group CEO Jerry Inzerillo told Arab News. \u201cIt is unusual for development companies worldwide to sign $2 billion contracts, but this is a giant construction package for our Wadi Safar, which will be one of the most beautiful residential developments in the world,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The MoU was signed on Wednesday at the DGDA headquarters in Riyadh by Inzerillo, Urbacon Trading &amp; Contracting President Ramez Al-Khayyat, and Al-Bawani Group CEO Fakher Al Shawaf.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWadi Safar will be home to the Royal Diriyah Equestrian and Polo Club, a Greg Norman-designed 27-hole golf course, and 10 spectacular resorts,\u201d Inzerillo said. \u201cFour of these resorts are included in this package: Aman, which will be one of the most beautiful Amans in the world, Oberoi, a spectacular hotel operator from India, Faena from Argentina and Miami, and Chedi from the Far East. These four resorts are beautiful.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CEO said that Wadi Safar \u201cwill be one of the greatest luxury residential high-end developments in the world, with a $2 billion package.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Inzerillo said that last week they signed another $2 billion package for their multi-use northern district, which will include King Salman Library, King Salman University, and Diriyah Square.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd before December, we will be issuing additional contracts with big numbers close to this as well,\u201d he said.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis indicates that Diriyah is moving full speed ahead to realize Vision 2030. Diriyah will be finished in time for Expo 2030 Riyadh, which will be the greatest expo in the world.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Located west of Diriyah, Wadi Safar aims to be a residential cultural hub offering the world\u2019s finest experiences in polo, luxury hotels, and golf courses.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a href=\"https:\/\/www.arabnews.com\/node\/2555736\/saudi-arabia\">Diriyah Co. signs $2bn contract for Wadi Safar&nbsp; | Arab News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diriyah Co. has signed a $2 billion contract with Urbacon Saudi Co. and Al-Bawani Group to develop the Wadi Safar project, including the Royal Diriyah Equestrian and Polo Club and&#8230;<\/p>\n","protected":false},"author":3,"featured_media":1261,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1259","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/posts\/1259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/comments?post=1259"}],"version-history":[{"count":2,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/posts\/1259\/revisions"}],"predecessor-version":[{"id":1287,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/posts\/1259\/revisions\/1287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/media\/1261"}],"wp:attachment":[{"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/media?parent=1259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/categories?post=1259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albawani.com\/en\/wp-json\/wp\/v2\/tags?post=1259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}