Saudi Arabia started $ 63.2 billion Diriyah Project. Heavy demand of companies including Indian workers.

Saudi Arabia started $ 63.2 billion Diriyah Project. Heavy demand of companies including Indian workers. Tezzbuzz | 10/02/2025 12:24:20

Saudi Arabia's $ 63.2 billion luxury 'Diriyah' (Diriyah) project has become a center of attraction for investors around the world, and Indian companies are also not behind. Legendary Indian companies like Tata and Oberoi have already announced investment in it, and many other Indian companies are ready to be part of this grand project.

Welcome to Indian investors: CEO's statement
Economic Times According to the report of Diriah Project, CEO Jerry Inzrillo said during the World Economic Forum 2025, “We are very excited to include Indian investors in this project. India is one of our biggest trading partners and our goal is to further strengthen trade and investment between the two countries. ”

What is Diriah Project?
The Diriah project is being developed on the outskirts of Riyadh, the capital of Saudi Arabia and is also called 'City of Earth'. It is a grand tourism and real estate project which is also historically very important as the foundation of the modern Empire of Saudi Arabia was laid here. This project also contains the UNESCO World Heritage Site 'At-Turaif'.

The main features of Diriah Project:

Housing and office space for 1 lakh people
40+ luxury hotels
1,000+ retail shops
150+ restaurants and cafes
World class University, Center for Arts, Museum and Opera House
20,000 seat multipurpose event Arena
Golf Course, International Polo and Horse Riding Center

Injrillo said that the project aims to restore the historical pride of Saudi Arabia and install it on a global tourism map.

Great opportunities for Indian companies
There are unlimited investment opportunities in the Diriah project and Indian companies are fully prepared to capitalize on the opportunity. According to Inzrillo, Indian companies are already playing an important role in Saudi Arabia's construction, IT, energy and telecom sector. More than 3,000 Indian companies are currently active in Saudi Arabia.

They told, “The Diriah project has the support of the Public Investment Fund (PIF) of Saudi Arabia, making it an opportunity for safe and strong investment for Indian investors.”

Special Investment Package for Indian Companies:

Residential projects
Hospitality (Hotels and Resorts)
Office space
Projects to education and healthcare

Indian companies participation in hospitality sector
The Indian Hospitality Sector is also taking fast steps in this project. Taj Hotels Has planned to open its 250th property in Diriah which will have 202 rooms. There itself Oberoi Hotels Diriyah's new polo and horse riding center are building a great hotel.

Inzrillo told, “We have already partnered with many Indian companies and it will increase further in the coming times.”

India's growing role in tourism
Diriah Project is taking Saudi Arabia's tourism sector to new heights. Injrillo reported that in 2022-23, 1.5 million Indian tourists visited Saudi Arabia, which is 50% higher than the previous year.

Two of Diriyah's biggest attractions-'At-Turaif' and 'Bujari Terrace' have so far attracted more than 3 million tourists. Inzrillo said, “We hope that by 2030, more than 50 million tourists will come to Diriah every year, of which a large number will be of Indian tourists.”

India-Saudi Arabia will have trade relations and strong
India and Saudi Arabia are already strong trading partners. Injrillo said that India is the second largest trading partner in Saudi Arabia and Saudi Arabia is the fourth largest business ally in India. The total value of India-Saudi trade in 2022-23 was $ 52.8 billion. The Diriah project will take this partnership to new heights.

Important role of Indian professionals
Not only investment, Indian professionals are also playing their important role in this Giga project. Inzrillo told that More than 200 Indian engineers, designers, finance experts and other professional Working in this project. They said, “We consider Indian talent and skill very important and expect further increase in this number in the future.”

Indian CEOS interested
Injrillo said that recently the CEOs and Business leaders of many Indian companies have visited there to understand the opportunities of the Diriah project. They said, “We have hosted groups of 20-50 Indian CEOs, who came to find possible investment opportunities in Saudi Arabia. This partnership will be stronger in the future. “

Diriah project is emerging as a golden opportunity for Indian companies and professionals. With investment, tourism and professional opportunities, this project is going to further strengthen relations between India and Saudi Arabia. If you are also looking for opportunities in this Giga project, then this time is right!

FAQ:

Q1. What is Diriah Project?
It is a grand tourism and real estate project located in Riyadh, Saudi Arabia, including the historic UNESCO heritage 'At-Turaif'.

Q2. What are the opportunities for Indian companies?
There are opportunities for investment in residential, hospitality, office space, education, healthcare etc.

Q3. Who has invested in Indian companies so far?
Companies like Tata, Oberoi and Taj Hotels have already announced investment.

Q4. How many Indian professionals are working in this project?
More than 200 Indian professionals are actively working in this project.