Saudi Arabia’s Diriyah Company has awarded a contract valued at around USD 490 mln for the construction of the Saudi Arabia Museum of Contemporary Art (SAMoCA) within the Diriyah development.
The project will be executed by a joint venture between Hassan Allam Holding, through its Saudi subsidiary Hassan Allam Construction, and AlBawani Holding Company.
The contract forms part of the broader Diriyah development plan, with the museum expected to support cultural and infrastructure expansion in the Kingdom.
Hassan Allam Holding is one of the largest engineering, construction and development groups in the Middle East and North Africa, while AlBawani is a Saudi-based contractor active in infrastructure, commercial and cultural projects.