Hassan Allam Holding has said that its subsidiary, Hassan Allam Construction Saudi, in a joint venture with UCC Saudi, has been awarded the US $714mn Waldorf Astoria Hotel, Residences, & Mixed-Use Super Block project in Diriyah, Saudi Arabia, which is being spearheaded by the Diriyah Company.
Spanning approximately 241,000 sqm of built-up area, the mixed-use development will bring together the 200-key Waldorf Astoria Hotel, 47 branded residences, commercial and office buildings, an integrated super basement, and a vibrant public realm, contributing to one of the Kingdom’s most prestigious destinations, said a statement from Hassan Allam Holding.
The signing ceremony took place in the presence of Hassan Allam, Chairman and CEO of Hassan Allam Holding, alongside Jerry Inzerillo, GCEO of Diriyah Company, and Samer Ibrahim, CEO of UCC Holding.
“Through our continued collaboration with Diriyah Company, we remain committed to delivering landmark developments that contribute to the Kingdom’s ambitious transformation,” said a Hassan Allam Holding spokesperson.
“Backed by a legacy of 90 years of excellence across the MENA region, Hassan Allam Holding continues to shape iconic destinations that inspire generations and stand as enduring symbols of quality, innovation, and excellence,” they concluded.
