Hassan Allam Holding, a leading engineering and construction company in the Mena region, has secured a contract from Diriyah Company for the development of the Waldorf Astoria Hotel, Residences and Mixed Use Super Block, a landmark boulevard development within the giga-project in the kingdom’s ancient city.

The contract worth SAR2.7 billion ($719 million) was awarded to a joint venture of Hassan Allam Construction and UCC Saudi, reported MEED.

Spanning 241,000 sq m of built-up area, the mixed-use development will bring together the iconic 200-key Waldorf Astoria Hotel, 47 branded residences, commercial and office buildings, an integrated super basement, and a vibrant public realm. 

A key unit of Saudi sovereign wealth fund PIF, Diriyah Company is spearheading an ambitious SAR236 billion giga-project that will transform it into a world-class cultural, lifestyle, and tourism destination.

The new hotel project comes as part of PIF’s plans to develop 40 luxury hospitality projects across its two main projects: the 14-sq-km Diriyah Project and the 62-sq-km Wadi Safar Project.

In another development, Hassan Allam Construction Saudi’s joint venture with OHL Arabia clinched a contract from Saudi Arabia Railways to execute the construction works for the Dammam Second Industrial City Rail Project.

As per the deal, the duo will be responsible for delivering the full scope of civil and railway works, including the development of a 22.7-km single-track railway supported by extensive civil foundations, earthworks and track infrastructure. 

The project also encompasses major structural components, notably a 265-m bridge across Highway HW615 and a 118-m bridge over the Aramco Pipeline Corridor.