Prince Mohammed bin Salman, the Saudi Crown Prince and Prime Minister, announced, on Monday, the inclusion of the Diriyah project as the fifth major project owned by the Public Investment Fund.
And with the announcement of bin Salman, who is also Chairman of the Board of Directors of the Public Investment Fund, the Diriyah project will become “one of the unique projects of its kind in the world, with its rich cultural, heritage and tourist attractions,” according to the Saudi Press Agency.SPA“.
The Diriyah project “is important because it embraces many of the Kingdom’s cultural and heritage landmarks, such as the historic Turaif neighborhood, which is one of the sites listed on the UNESCO World Heritage List, in addition to many heritage elements that will make the project an attractive and unique destination.”
The portfolio of major projects of the Public Investment Fund includes projects: NEOM, the Red Sea, Qiddiya, Roshan and Diriyah.
The Diriyah project will contribute to empowering several strategic local sectors, in addition to creating opportunities for partnership with the private sector, according to Wass.
The Diriyah Development Project, one of the sites on the UNESCO World Heritage List, was previously affiliated with the Diriyah Gate Development Authority.
The agency said that the authority will continue the tasks of organizing and supervising the project.
