Diriyah Company has inked a joint development agreement with Midad Development and Real Estate Investment Company to establish the Four Seasons Hotel Project and Private Residences Diriyah. As for the total investment for the project, covering both land acquisition and construction, it costs up to $827 million. This hotel project will join others such as the Ciel Dubai Marina in transforming the Middle East into a leading global tourist destination.

Four Seasons Hotel Facilities

Th Four Seasons Hotel Diriyah will have 159 luxury rooms. Also, it will have accompanying private residences that will form part of Diriyah’s 235,938 sq m ‘City of Earth’ masterplan.

Additionally, the hotel will have a wellness spa with seven treatment rooms, a fitness centre, and two outdoor pools with private cabanas. It will also have expansive meeting and event spaces, and four dining outlets, inclusive of a poolside restaurant and the Sunset Lounge.

About Midad

Midad is currently a leading name in the Kingdom’s real estate sector. Additionally, the company has been steadily expanding its luxury portfolio and leveraging strategic brand partnerships and high-profile developments to reinforce its position in premium residential and hospitality projects.

First Major Partnership Between the Two Developers

This marks the first significant collaboration between Diriyah Company and Midad, contributing to one of nearly 40 luxury hotels planned across Diriyah’s two main master plans: the 14-square-kilometre Diriyah project and the adjacent 62-square-kilometre Wadi Safar project. Together, these developments are designed as exclusive lifestyle destinations blending culture, leisure, and luxury living.

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.”

 

Jerry Inzerillo, Group CEO of Diriyah Company, said: “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.”

About Diriyah

Located just outside Riyadh, Diriyah is a 300-year-old site considered the birthplace of the Kingdom and the capital of the first Saudi state. Furthermore, it is home to the UNESCO World Heritage Site At-Turaif, the valley and palm groves of Wadi Hanifah. Also, Diriyah is expected to soon host a development that honours the Kingdom’s rich heritage.

The project is part of Saudi Vision 2030 which aims to create one of the Middle East’s most walkable, pedestrianized cities, that will consist of traditional Najdi architecture with low-rise buildings, rooftop terraces, decorated doors, and large courtyards.

A Look into Diriyah’s Investment and Economic Impact

The City of Earth is valued at $63.2 billion and has so far awarded more than $27 billion (SAR 101.25 billion) in construction contracts. Once fully complete, the development shall contribute approximately $18.6 billion to the Kingdom’s GDP, create more than 180,000 jobs, and accommodate an estimated 100,000 residents while welcoming up to 50 million visitors annually.

Diriyah’s Facilities

Furthermore, the destination will feature modern office spaces for tens of thousands of professionals, cultural institutions such as museums and the Diriyah Opera House, retail and dining districts, a university, the Diriyah Arena, and nearly 40 world-class resorts and hotels. Upon completion, Diriyah will accommodate approximately 100,000 residents and welcome up to 50 million annual visitors.

Midad’s Say Regarding the Project

Also, Abdulelah bin Mohammed Al Aiban who is the President of Midad Real Estate, said: “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.”

“Lastly, 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,” he added.

Four Seasons Hotel Project Factsheet

Developer: Diriyah Company (in JV with Midad Development & Real Estate)

Architect: Aedas (Lead Architects)

Interior Design: Elastik

Project Value: $827 Million (SAR 3.1 Billion)

Site Area: 235,938 square meters

Estimated Opening: Targeted for 2027-2028

Hotel features: 159 luxuriously appointed guest rooms and suites.

Branded residences: Includes a collection of Four Seasons Private Residences, offering exclusive luxury living within the historic district.

Architectural Style: Inspired by Najdi design principles—characterized by low-rise, organic structures, intricate decorative doors.