Saudi Arabia Announces Diriyah as PIF’s fifth Giga-project

Saudi Arabia Announces Diriyah as PIF’s fifth Giga-project

His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) announced today the Diriyah Project as PIF’s fifth giga-project, reflecting Diriyah’s status as a unique destination with distinctive cultural, historical, and tourism landmarks.

The announcement reflects HRH the Crown Prince’s efforts in enabling the Saudi cultural identity, which includes the Diriyah Project due to its historic, cultural, and political value proudly showcasing to the world Saudi Arabia’s 300 years of history. Diriyah Project is a globally significant destination that includes the Turaif District UNESCO World Heritage Site. These cultural and historical aspects position Diriyah as an unrivaled destination of global significance where the authenticity of Saudi heritage can be celebrated, revealing the historic origins of modern Saudi Arabia. Tourists will have the opportunity to explore and get to know Saudi’s history, and its culture at the city’s museums and purpose-built pavilions.

Giga-projects form a key pillar of PIF’s overall strategy, as they are instrumental in creating new economic ecosystems and launching new sectors that drive economic growth and diversification in Saudi Arabia, as well as creating investment opportunities across multiple sectors. PIF’s giga-projects portfolio currently includes NEOM, Red Sea, Qiddiya, Roshn, and