Diriyah, a major project in Saudi Arabia, aims to develop a historic site in Riyadh for real estate and tourism.
This week, the CEO, Jerry Inzerillo, discussed with Syrian officials the possibility of helping to rebuild historic sites in Syria, such as Damascus and Aleppo, when they are ready. He mentioned that while they are currently busy, they would consider contributing in the future.
The years of conflict in Syria have harmed many ancient cities, leading to calls for international support for restoration efforts amidst challenges like funding and security.
Diriyah Gate Company could also develop additional cultural heritage sites in Saudi Arabia. This project aligns with Saudi Arabia’s Vision 2030 strategy, which seeks to diversify the economy and enhance tourism.
The project features luxury hotels, museums, and residential units near the UNESCO-listed At-Turaif district. The company is profitable and plans to go public after 2030, with significant foreign investment expected. The main project in Riyadh is on track to be completed by 2030.
With information from Reuters