Diriyah Announces Grand Avenue Project and New Contracts, Targeting H1 2026 Completion

Diriyah is progressing with its development by announcing the Grand Avenue project, an expansive undertaking spanning 235,000 square meters within its masterplan. The project will include a 159-room hotel and private residences, with an anticipated completion in the first half of 2026. This initiative is part of Diriyah’s ongoing efforts to shape the future of the region.

The launch of the Grand Avenue project signifies continued significant investment and development in the GCC construction sector, particularly within Saudi Arabia. The scale of the project, including a new hotel and residential units, indicates sustained demand for construction materials, services, and associated infrastructure, potentially bolstering economic activity in the region.

The substantial construction activity associated with the 235,000 square meter Grand Avenue project, including hotel and residential components, will likely drive demand for earthmoving equipment, heavy machinery, and construction vehicles. Dealers in KSA and the wider GCC should anticipate opportunities for sales, rentals, and servicing contracts for equipment necessary for large-scale urban development.

This development in Diriyah, KSA, reinforces Saudi Arabia's ambitious vision for urban and tourism infrastructure as outlined in Vision 2030. The project's focus on high-end hospitality and residences further positions KSA as a key player in attracting investment and tourism within the GCC, impacting regional construction trends and market confidence.