Diriyah Company Awards $1.13 Billion Contract for King Saud University Relocation Project

Photography: Courtesy of SPA

Riyadh, April 29, 2025 (Saudi Arabia Breaking News) – Diriyah Company has awarded a $1.13 billion (SAR 4.225 billion) construction contract for the relocation of utilities and administration offices of King Saud University (KSU) within the Diriyah masterplan. The contract was awarded to a joint venture comprising China Railway Construction Corporation Limited Saudi Branch and China Railway Construction Group Central Plain Construction Co. Ltd. (CRCCSA & CRCGCPC).

Announcing the award, Jerry Inzerillo, Group CEO of Diriyah Company, stated, "We are delighted to announce this major contract to support King Saud University, whose campus adjoins the Diriyah development area. This agreement marks yet another important step in aligning our efforts to advance educational and infrastructural excellence in the Kingdom. We are proud to support one of the Kingdom’s leading academic institutions in delivering enhanced infrastructure services that will benefit both its students and the broader university community."

Li ChongYang, Chairman of China Railway Construction International Group Co., added, "We are honored to collaborate with Diriyah Company on this significant and unique development. This contract reflects our commitment to delivering world-class infrastructure with the highest standards of quality and efficiency. We look forward to contributing to the success of this iconic project and supporting the continued growth of King Saud University."

The awarded contract encompasses the full design, construction, and relocation of King Saud University’s utilities and administration offices. It also includes the construction of a district cooling plant, water storage facilities, a sewage treatment plant, an LPG/SNG plant, a diesel transfer pumping station, a utility tunnel, irrigation water storage tanks, office buildings, warehouses, and maintenance workshops.

Within the same area, Diriyah Company is planning the development of several additional assets as part of its broader masterplan.

This contract marks the latest in a series of large-scale awards by Diriyah Company as the 14-square-kilometer "City of Earth" continues to take shape. With this award, the total value of contracts granted since the beginning of 2025 has now surpassed $2.9 billion.

Supported by the Public Investment Fund (PIF), the Diriyah development is positioned as a premier integrated urban project. Upon completion, Diriyah will provide homes for nearly 100,000 residents, offer office space for tens of thousands of professionals across sectors including technology, media, arts, and education, create approximately 178,000 jobs, attract nearly 50 million annual visits, and contribute an estimated $18.6 billion (SAR 70 billion) directly to Saudi Arabia’s GDP.