Diriyah Company l شركة الدرعية has awarded a SAR 1.84 billion (US$490 million) construction contract for the Saudi Arabia Museum of Contemporary…

Diriyah Company l شركة الدرعية has awarded a SAR 1.84 billion (US$490 million) construction contract for the Saudi Arabia Museum of Contemporary Art (SAMoCA) to a joint venture between Albawani | البواني Company and Hassan Allam Holding Saudi, backing Diriyah Company's push to build a major cultural landmark. Jerry Inzerillo, Group CEO of Diriyah Company, called SAMoCA "a truly world-class platform" for Saudi and global artists, while Eng. Abdullah A Al-Hammad, CEO of the Museums Commission, said it will become "the epicentre of Saudi modern and contemporary art." Designed as a world-class cultural destination, SAMoCA will celebrate Saudi modern and contemporary art while fostering international artistic dialogue and supporting generations of Saudi artists. The contract forms part of the US$63.2 billion Diriyah development, where over US$29 billion in construction contracts have already been awarded. Upon completion, Diriyah is expected to contribute SAR 70 billion (US$18.6 billion) to Saudi Arabia's GDP, create more than 180,000 jobs, welcome 50 million annual visitors, and further establish the Kingdom as a global cultural and tourism destination. #Diriyah #SAMoCA #SaudiArabia #Museums #Infrastructure #CXOlanesMENA