Riyadh, February 07, 2024, For the second consecutive year, Diriyah Company made its presence felt at the annual Private Investment Fund (PIF) Private Sector Forum, where it showcased the Diriyah project's development progress and presented enticing investment opportunities available to the private sector.
Hosted at the King Abdulaziz International Conference Center (KAICC) in Riyadh on February 6 and 7, the forum attracted a diverse array of participants, including investors, private-sector entities, suppliers, and government representatives. Central to the event's agenda was the spotlight on PIF and its portfolio companies, aiming to forge stronger alliances with the private sector as part of broader efforts to drive Saudi Arabia's economic expansion and align with the objectives of Vision 2030.
The initiative offered attendees a platform to network and engage in collaboration meetings. As a key player in the PIF giga project portfolio, Diriyah Company highlighted the investment opportunities available, underlining its significance not only as a development endeavor but also as a globally significant cultural destination.
On the second day, Diriyah Company CEO Jerry Inzerillo took part in a fireside chat titled "Exploring Partnership Opportunities in Diriyah," where he provided insights into the project's progress. He discussed milestones such as the opening of UNESCO World Heritage Site At-Turaif and Bujairi Terrace, as well as the Bab Samhan Hotel and groundbreaking ceremonies for several other hotels, the Royal Diriyah Golf Club, and the Royal Diriyah Equestrian and Polo Club.
Inzerillo also unveiled plans for the Royal Diriyah Opera House, underscoring the pivotal role of the private sector and Diriyah's partners in achieving these milestones. He emphasized the diverse opportunities available for vendors and suppliers to contribute across various sectors.
The forum also witnessed Diriyah Development Company (DevCo) signing strategic agreements with Saudi Constructioneers Ltd. (Saudico) and Al-Ayuni Company. Saudico secured the main contractor award for The Ritz-Carlton Residences, while Al-Ayuni was named the contractor for a SAR 2 billion infrastructure development project within Diriyah.
With over 100 exhibitors, approximately 20 interactive workshops, and eight panel discussions, this year's Private Sector Forum fostered engagement and collaboration. It served as a catalyst to bolster the private sector's role in the national economy and advance localization efforts in alignment with Saudi Arabia’s strategic objectives.