Midad Real Estate and Diriyah Company to co-develop $827 million Four Seasons Hotel and Private Residences in Diriyah

Riyadh, Saudi Arabia, 7 January 2026 — Midad Real Estate has signed a strategic investment and development agreement with Diriyah Company to co-develop Four Seasons Hotel and Private Residences Diriyah on a 235,938-square-metre site in Diriyah, the City of Earth and the Kingdom's historic and cultural landmark. The signing ceremony was attended by His Excellency Ahmed Al Khateeb, Minister of Tourism; Jerry Inzerillo, Group CEO of Diriyah Company; and Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, among other executives.

The USD 827 million (SAR 3.1 billion) investment, covering land and construction, underscores Midad's expertise in luxury hospitality and residential development and its commitment to Vision 2030 — driving tourism, investment, job creation, and sustainable economic impact.

Midad Real Estate will lead the development, featuring a 159-room luxury Four Seasons Hotel and private residences that combine world-class service and design to set new standards for luxury hospitality in the Kingdom.

“Saudi Arabia continues to set new benchmarks in destination development, and Diriyah stands at the forefront of this evolution. Partnerships such as this enhance the Kingdom's global tourism offering and reinforce our position as a leading destination.”

H.E. Ahmed Al Khateeb — Minister of Tourism & Secretary General, Diriyah Company

“This project represents a milestone for Midad, allowing us to bring the Four Seasons experience to one of Saudi Arabia's most significant heritage destinations. We are excited to deliver a development that exemplifies design excellence, world-class service, and enduring value.”

Abdulelah bin Mohammed Al Aiban — President, Midad Real Estate

“The Four Seasons Hotel Diriyah will be one of our largest luxury hotels, and we are proud to announce this joint development agreement with Midad, one of the Kingdom's leading real estate developers.”

Jerry Inzerillo — Group CEO, Diriyah Company

Part of nearly 40 luxury hotels across Diriyah's masterplans, the highly anticipated project reinforces Midad Real Estate's expertise in high-end, transformative hospitality and residential developments, shaping the Kingdom's luxury real estate landscape.