Private sector investments in Diriyah project now at $6bn: CEO

Private sector investments in Diriyah project now at $6bn: CEO

RIYADH: Private sector investments in Saudi Arabia’s Diriyah project have reached SR22.50 billion ($6 billion), as the Kingdom continues its tourism push, said a top official.

Jerry Inzerillo, CEO of Diriyah Gate Development Authority, said that major investments in the heritage site are happening in the hotels, restaurants, retail, and residential sectors.

According to Inzerillo, this flurry of acquisitions coincides with the authorities’ spending of SR30 billion on infrastructure, new roads, water, and electricity. Private sector investments in Diriyah project now at $6bn: CEO