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Midad Real Estate Partners with Diriyah Company to Develop USD 827 Million Luxury Property

Published: January 09, 2026 | Category: Real Estate
Midad Real Estate Partners with Diriyah Company to Develop USD 827 Million Luxury Property

Midad Real Estate has signed a strategic investment and development agreement with Diriyah Company to co-develop the Four Seasons Hotel and Private Residences Diriyah on a 235,938-square-meter site in Diriyah, the City of Earth and the Kingdom’s historic and cultural landmark. The signing ceremony was attended by His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia, Jerry Inzerillo, Group CEO Diriyah Company, Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, and a number of executives.

The USD 827 million (SAR 3.1 billion) investment, covering land and construction, underscores Midad’s expertise in luxury hospitality and residential development and its commitment to Vision 2030, driving tourism, investment, job creation, and sustainable economic impact. Midad Real Estate will lead the development, featuring a 159-room luxury Four Seasons Hotel and private residences, combining world-class service and design to set new standards for luxury hospitality in the Kingdom.

His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia and Secretary General of Diriyah Company, said: “Saudi Arabia continues to set new benchmarks in destination development, and Diriyah stands at the forefront of this evolution. Partnerships such as this enhance the Kingdom’s global tourism offering and reinforce our position as a leading destination.”

This project represents a milestone for Midad, allowing us to bring the Four Seasons experience to one of Saudi Arabia’s most significant heritage destinations. We are excited to deliver a development that exemplifies design excellence, world-class service, and enduring value, while actively contributing to the Kingdom’s tourism, cultural, and economic ambitions,” said Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate.

Jerry Inzerillo, Group CEO Diriyah Company, commented: “The Four Seasons Hotel Diriyah will be one of our largest luxury hotels and we are proud to announce this joint development agreement with Midad, one of the Kingdom’s leading real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to participate in Diriyah’s transformational journey and underscores Midad’s confidence in the opportunities the project presents.”

Part of nearly 40 luxury hotels across Diriyah’s masterplans, the highly anticipated project reinforces Midad Real Estate’s expertise in high-end, transformative hospitality and residential developments, shaping the Kingdom’s luxury real estate landscape.

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Frequently Asked Questions

1. What is the total investment for the Four Seasons Hotel and Private Residences Diriyah project?
The total investment for the Four Seasons Hotel and Private Residences Diriyah project is USD 827 million (SAR 3.1 billion).
2. Who are the key stakeholders in this development project?
The key stakeholders in this development project are Midad Real Estate and Diriyah Company, with support from His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia, and Jerry Inzerillo, Group CEO Diriyah Company.
3. What is the significance of this project for Saudi Arabia's tourism sector?
This project is significant for Saudi Arabia's tourism sector as it aligns with Vision 2030, driving tourism, investment, job creation, and sustainable economic impact, while setting new standards for luxury hospitality in the Kingdom.
4. What are the key features of the Four Seasons Hotel and Private Residences Diriyah?
The Four Seasons Hotel and Private Residences Diriyah will feature a 159-room luxury hotel and private residences, combining world-class service and design to set new standards for luxury hospitality in Saudi Arabia.
5. How does this project fit into Diriyah's overall development plans?
This project is part of nearly 40 luxury hotels across Diriyah’s masterplans, reinforcing Midad Real Estate’s expertise in high-end, transformative hospitality and residential developments, and contributing to Diriyah’s transformational journey.