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Saudi gigaproject developer Diriyah Company has awarded a SR393m ($105m) contract for the main construction works on Heroes' Park, located in the Diriyah Two masterplanned development.

The contract was awarded to Riyadh-based construction firm Saudi Arabian Trading & Construction Company (Satco).

Heroes' Park will serve as a public space, covering an area of about 105,471 square metres (sq m).

It is expected to host public gatherings, with a capacity of about 35,000 people.

MEED understands that the contract was tendered in November last year.

Diriyah Company's group CEO Jerry Inzerillo said: “This new partnership with Saudi Arabian Trading & Construction Company marks another important milestone in our commitment to delivering outstanding public spaces and lifestyle infrastructure across Diriyah. When completed, this iconic park will become a vibrant gathering place for tens of thousands of residents and visitors, offering an immersive, open-air environment designed to promote wellbeing, enhance quality of life and create meaningful experiences.”

Satco CEO Mohammed Almaghlouth said: “We are honoured to have been entrusted with the delivery of the iconic park. Drawing on Satco's proven track record in delivering complex projects across the kingdom, and through close collaboration with Diriyah Company, we look forward to delivering this landmark project to the highest standards, contributing to Diriyah's ambitious development programme and the goals of Vision 2030."

Contract awards

The latest award follows the award by Diriyah Company of a SR1.5bn ($400m) contract to UCC Saudi, the local branch of Qatar’s UCC Holding, at Diriyah Square in the Diriyah Two area.

The scope includes package four at Diriyah Square, covering mechanical, electrical and plumbing (MEP) and finishing works for assets with a built-up area of about 110,000 sq m.

In June, Diriyah Company awarded a SR2.7bn ($727m) contract for the main construction works on the development’s Waldorf Astoria superblock to a joint venture of Hassan Allam Construction Saudi and UCC Saudi.

In May, Diriyah Company awarded a SR730m ($195m) construction contract for civic quarter buildings within the Diriyah development to local contractor Al-Rashid Trading & Contracting Company.

Diriyah also announced a SR1.84bn ($490m) construction contract in April to build the Saudi Arabia Museum of Contemporary Art within the Diriyah development. The contract was awarded to a consortium of Egyptian contractor Hassan Allam Construction Saudi and Saudi Arabia’s Albawani.

In March, Diriyah Company awarded an estimated SR2.5bn ($666m) contract to build the Pendry superblock in the Diriyah Gate 2 (DG2) area.

The Pendry superblock includes the construction of the Pendry Hotel, in addition to residential and commercial assets. The package will cover 75,365 sq m and is located in the northwestern district of the DG2 area.

The previous month, Diriyah Company also awarded a SR717m ($192m) contract for the construction of the One Hotel, located in the Diriyah Two area of the masterplan, with a gross floor area of more than 31,000 sq m.

The Diriyah masterplan envisages the city as a cultural and lifestyle tourism destination. Located northwest of Riyadh’s city centre, it will cover 14 square kilometres and combine 300 years of history, culture and heritage with hospitality facilities.