Diriyah Gate Development Authority achieves sustainability certification from US Green Building Council

Diriyah is located within Riyadh province, just 15 minutes north-west of Riyadh’s city centre (Shutterstock)
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Updated 20 June 2022
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Diriyah Gate Development Authority achieves sustainability certification from US Green Building Council

RIYADH: The first phase of the Diriyah Gate Development Authority’s masterplan has been awarded the platinum-level precertification for the ‘Leadership in Energy and Environmental Design’ by the US Green Building Council.

The LEED certification is usually given for projects that work with a framework for healthy, efficient and cost-saving green buildings, according to a press release. 

Diriyah Gate Development Project has targeted the certification at both the building and city levels. 

Diriyah has also enrolled in MOSTADAM, Saudi Arabia’s own sustainability program which aims to improve the quality of life of all Saudis by 2030.

“I am thrilled that our efforts have been recognized by the LEED precertification as climate and nature-related considerations are at the heart of our development,” said Jerry Inzerillo, Group CEO of DGDA. 

He added: “Diriyah is the ultimate wellspring and source of a civilization, and our sustainable approach, rooted in a reverence of the city’s past and origins, has now been authenticated by this major accolade and proof point.”


Closing Bell: Saudi main index closes in green at 11,382 

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Closing Bell: Saudi main index closes in green at 11,382 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 111.21 points, or 0.99 percent, to close at 11,381.83. 

The total trading turnover of the benchmark index was SR6.37 billion ($1.70 billion), as 204 of the listed stocks advanced, while 56 retreated. 

The MSCI Tadawul Index also rose, adding 13.85 points, or 0.91 percent, to close at 1,533.33. 

The Kingdom’s parallel market Nomu gained 8.39 points, or 0.04 percent, to close at 23,749.38. This came as 30 of the listed stocks advanced, while 45 retreated. 

The best-performing stock was East Pipes Integrated Co. for Industry, with its share price surging 9.94 percent to SR146. 

Other top performers included Tourism Enterprise Co., which saw its share price rise by 9.93 percent to SR14.17, and Thob Al Aseel Co., which saw a 7.84 percent increase to SR3.99. 

On the downside, Saudi Arabian Mining Co. was among the weaker performers, with its share price falling 2.64 percent to SR77.40. 

Saudi Paper Manufacturing Co. saw its shares fall 2.54 percent to SR57.50, while Yamama Cement Co. declined 2.07 percent to SR27.40. 

On the announcements front, Future Vision for Health Training Co. signed a two-year cooperation agreement with King Saud University aimed at strengthening links between academia and professional readiness. 

According to a Tadawul statement, the partnership focuses on the joint development and execution of specialized training programs for university students, aiming to enhance their practical skills and employability. 

The initiative includes coordinated efforts in training design, academic supervision, and program evaluation, with the goal of better preparing graduates for the labor market. 

The agreement, which is renewable by mutual consent, is expected to start generating a positive financial impact in the second half of 2026. The company said no related parties are involved in the deal. 

The company’s share price closed at SR7.30 on Nomu, marking a 1.39 percent decrease.