Diriyah Company - Diriyah Project: Diriyah 2: Boulevard Northwest: Waldorf Astoria Super Block

General Information
Owner Diriyah Company
Masterplan Project (Parent Profile) DGDA – Diriyah Project: Diriyah 2: Boulevard Northwest – Ar Riyad
Location Riyadh, Riyadh Province, Saudi Arabia
Status --
Sector Construction, Hospitality, Hotel, Resort
Contract Type Build
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 695
Net Value $695m
Award Date May 2026
Completion Date October 2028
Last Updated On May 2026
ProjectId (Old, New) 395973, 395973


Diriyah Company is planning to undertake the construction of Waldorf Astoria Hotel in in the Boulevard Northwest as part of the Diriyah Gate Development Program Phase 2 located on the western side of the capital Riyadh, Saudi Arabia.

The 14-square-kilometre Diriyah development hosts this project in the Boulevard Northwestern district along the Grand Boulevard South and the Northern Arterial Road. The superblock comprises a 200-key Waldorf Astoria hotel, over 46 branded Waldorf Astoria residences, plus supporting commercial, residential and office spaces. It will serve hotel guests, brand-residence owners, shoppers and office users. The design aims to reflect both modern luxury and local heritage, integrating multiple facility types to create a vibrant urban node.

Tender number: D2-CN25-128

The US$695 million project includes the following:

1. Construction of hotel building(200 keys)

2. Construction of 46 branded residences

3. Landscaping and public realm works within the superblock area

4. Internal infrastructure: roads, walkways, parking and connectivity to surrounding network

5. Construction of associated commercial spaces (retail, shopping outlets)

6.Construction of office space components

7. Construction of wellness

8. Construction of 200 keys of various categories

9. Construction of pool bar

8. Construction of associated facilities

Second Section

25 May 2026

The JV of Hassan Allam Construction and UCC Holding has been appointed as the main contractor with an approximate value of SAR 2.6 billion (US$695 million) on the project.

30 April 2026

The following companies have submitted the bids: China State Construction Engineering Corporation Ltd, El-Seif Engineering Contracting, Al Bawani, Mobco Construction.

24 February 2026

The main contract bids has been submitted on the project. BEC Arabia, Nesma & Partners amongst others bids on the project.

09 February 2026

The commercial bid submission has been extended from February 8, 2026 to February 15, 2026.

28 January 2026

The technical bids has been submitted and the commercial bid submission has been extended from January 24, 2026 to February 8, 2026.

23 December 2025

The technical bid submission deadline has been extended from December 14, 2025 to January 4, 2026 and commercial bid submission has been extended from January 18, 2026 to January 22, 2026. (Source: MEED)

21 November 2025

The main contract tender was issued on November 10, 2025. The technical bid submission deadline is December 14, 2025, and commercial bid submissions is on January 18, 2026. (Source: MEED)

12 October 2025

The prequalification shortlist is underway.

20 August 2025

The prequalification shortlist is underway. (Source: MEED)

01 July 2025

The main contract prequalification for delivery partner was issued and submission was on 29th June, 2025.

25 February 2025

The project is still in the design stage.

07 August 2024

It is understood that the project is under design stage.

15 April 2024

The market source indicates that the project is still in the design stage.

24 January 2024

The market source indicates that the project continues to be in the design stage.

02 October 2023

It is understood that the project is in the design stage and we are trying to identify the consultant.

16 June 2023

It is understood that the project is in the design stage and we are trying to identify the consultant.

30 March 2023

The project is under study stage.

07 December 2022

The client has signed management agreement with Hilton Worldwide for the project.