Diriyah Company Awards $490 Million Contract for Saudi Arabia’s Contemporary Art Museum

Diriyah Company has awarded a $490 million construction contract for the Saudi Arabia Museum of Contemporary Art, commonly known as SAMoCA. The museum will be located in Diriyah, a historic area undergoing significant urban development and cultural revitalization. This major infrastructure project represents a substantial investment in the kingdom’s cultural sector and aligns with the nation’s broader development goals.

The museum project is part of Saudi Arabia’s Vision 2030 initiative, which aims to diversify the economy and enhance cultural offerings. The facility will serve as a premier destination for contemporary art exhibitions and cultural programming. The construction contract award signals continued momentum in the development of Diriyah as a cultural and heritage hub within the region.

Source: Asharq Al-Awsat | April 28, 2026

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