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Nesma & Partners, the leading contracting company in Saudi Arabia, announces a new joint venture with MAN Enterprise, a globally recognized construction and project management firm.
This strategic partnership aims to drive the development of the Qurain Cultural District, a key component of the Diriyah project that seamlessly blends cultural heritage with modern urban living.
The investment value of the project is SAR 5.8 billion
The joint venture will strategically optimize resources, enabling the team to self-perform critical structural and finishing activities, significantly reducing reliance on subcontractors. Nesma & Partners, with its expertise in delivering large-scale mega projects, brings a proven track record of impactful, high-quality projects. Our experience in local construction and high-end hospitality ensures that we not only meet but exceed the highest global standards. Combined with MAN Enterprise’s experience in high-end building construction, familiarity with Diriyah Company (DC) and their insights into local regulations and client needs, this collaboration will enhance our ability to achieve exceptional results.
This collaboration will bring to life critical components of the Diriyah projects, which offer a dynamic mix of entertainment, retail, education, business, and residential spaces, including hotels, dining options, and cultural attractions. This will enrich the Kingdom’s future by enhancing its global appeal and supporting economic growth.
Samer Abdul Samad, President & CEO of Nesma & Partners, expressed his enthusiasm for the collaboration: “This joint venture is more than a partnership; it’s a shared commitment to bringing the Diriyah vision. Together, we will create a destination that not only honors the rich cultural heritage of Diriyah but also aligns with the objectives of the Kingdom’s Vision 2030, contributing significantly to the Kingdom’s transformation and its emerging role on the global stage”.
Diriyah, set to become the Kingdom’s “Historic Hub,” will showcase over 300 years of history through a blend of heritage, culture, and modernity. The project will integrate world-class international brands with unique dining experiences and traditional local retail, making it a prime destination for Riyadh’s residents and international visitors alike. The districts of Diriyah will blend modern urbanist ideas with the historic Najdi architectural style, offering luxury hospitality experiences that reflect the rich cultural heritage of Diriyah and Wadi Hanifah. This aligns with the kingdom’s goals to promote cultural preservation and tourism.
Patrick Abi Nader, CEO of MAN Enterprise, stated, “Our partnership with Nesma & Partners embodies our shared commitment to quality and our strategic vision for the success of the Diriyah project. This collaboration unites our expertise, resources, and innovation, ensuring the project is executed to the highest standards and serves as a testament to our shared values”.
Through this joint venture, Nesma & Partners reaffirms its dedication to elevating industry standards and establishing new benchmarks in project execution. This will foster sustainable growth and contribute to the Kingdom’s role as a global leader in visionary development. |
