Diriyah Gate Development Authority to open new projects before end of 2022: CEO

Short Url
Updated 30 October 2022
Follow

Diriyah Gate Development Authority to open new projects before end of 2022: CEO

  • Inzerillo said the developments were a “huge triumph” for the Saudi leadership and that there were more in store for next year
  • CEO noted that Diriyah would be “a great gathering place” and “the soul” of the Saudi nation

RIYADH: Huge developments are in the pipeline for the Diriyah Gate Development Authority before the end of the year.

Group chief executive officer, Jerry Inzerillo, told Arab News at the Future Investment Initiative forum that Diriyah would see the opening of Al-Bujairi district with 20 new restaurants, and two kilometers of Wadi Hanifah with areas dedicated to jogging and riding.

In addition, Inzerillo said: “We’re going to be opening up three experience centers, the new community center. We’ll open up the UNESCO World Heritage Site for the whole world. This is in November and December of 2022.”

He said the developments were a “huge triumph” for the Saudi leadership and that there were more in store for next year.

“Then in 2023 we have the first hotel opening and the first museums opening.

“We will plant another 6 million trees. We’ve already planted 6 million trees, so we’re going to have a very big 2022 and a very big 2023. 

“Some 38 luxury hotels, 20,000 residences, 100 restaurants, new universities, new souks, new beautiful mosques. Diriyah is just beautiful,” he added.

The CEO pointed out that although the DGDA was building a new Diriyah, the area would have an authentic feel and be built from millions of mud bricks.

He said that Crown Prince Mohammed bin Salman was “very strict on the preservation of cultural integrity, authenticity, very strict on environmental issues and sustainability issues, so even though we’re building a new Diriyah, it has to all be in new, authentic mud.”

He added: “We are now making 180 million mud bricks. All of the trees and the plantlings by the tens of millions can only be from Diriyah because Diriyah is not a theme park, it’s the birthplace of the Kingdom, it’s the home of Al-Saud. So, you have to keep the integrity.

“Last night we had a big reception at Al-Bujairi with our wonderful Minister of Tourism Ahmed Al-Khateeb. He had 200 executives from all over the world. They all said the same thing: ‘This looks so authentic. This looks so beautiful.’

“This is because it’s in those same materials. So Diriyah is meant to be a jewel in the middle of what is going to be the great Riyadh, the new Riyadh that the crown prince is planning.”

Inzerillo noted that Diriyah would be “a great gathering place” and “the soul” of the Saudi nation.

He said: “It's the heart of anyone who’s Arabian, and it’s the heart and soul of anyone who is Saudi. That’s why we say there’s only one Diriyah.”


Saudi Arabia, Japan trade rises 38% between 2016 and 2024, minister says

Updated 11 January 2026
Follow

Saudi Arabia, Japan trade rises 38% between 2016 and 2024, minister says

RIYADH: Trade between Saudi Arabia and Japan has increased by 38 percent between 2016 and 2024 to reach SR138 billion ($36 billion), the Kingdom’s investment minister revealed.

Speaking at the Saudi-Japanese Ministerial Investment Forum 2026, Khalid Al-Falih explained that this makes the Asian country the Kingdom’s third-largest trading partner, according to Asharq Bloomberg.

This falls in line with the fact that Saudi Arabia has been a very important country for Japan from the viewpoint of its energy security, having been a stable supplier of crude oil for many years.

It also aligns well with how Japan is fully committed to supporting Vision 2030 by sharing its knowledge and advanced technologies.

“This trade is dominated by the Kingdom's exports of energy products, specifically oil, gas, and their derivatives. We certainly look forward to the Saudi private sector increasing trade with Japan, particularly in high-tech Japanese products,” Al-Falih said.

He added: “As for investment, Japanese investment in the Kingdom is good and strong, but we look forward to raising the level of Japanese investments in the Kingdom. Today, the Kingdom offers promising opportunities for Japanese companies in several fields, including the traditional sector that links the two economies: energy.”

The minister went on to note that additional sectors that both countries can also collaborate in include green and blue hydrogen, investments in advanced industries, health, food security, innovation, entrepreneurship, among others.

During his speech, Al-Falih shed light on how the Kingdom’s pavilion at Expo 2025 in Osaka achieved remarkable success, with the exhibition receiving more than 3 million visitors, reflecting the Japanese public’s interest in Saudi Arabia.

“The pavilion also organized approximately 700 new business events, several each day, including 88 major investment events led by the Ministry of Investment. Today, as we prepare for the upcoming Expo 2030, we look forward to building upon Japan’s achievements,” he said.

The minister added: “During our visit to Japan, we agreed to establish a partnership to transfer the remarkable Japanese experience from Expo Osaka 2025 to Expo Riyadh 2030. I am certain that the Japanese pavilion at Expo Riyadh will rival the Saudi pavilion at Expo Osaka in terms of organization, innovation, and visitor turnout.”

Al-Falih also shed light on how Saudi-Japanese relations celebrated their 70th anniversary last year, and today marks the 71st year of these relations as well as how they have flourished over the decades, moving from one strategic level to an even higher one.