Hassan Allam Construction and AlBawani Awarded $490 Million Contract to Build Saudi Arabia Museum of Contemporary Art
Riyadh, Kingdom of Saudi Arabia – Hassan Allam Holding and AlBawani Holding Company have announced the awarding of a $490 million (SAR 1.84 billion) contract for the construction of the Saudi Arabia Museum of Contemporary Art (SAMoCA). This project is a key component of the Diriyah development plan, aimed at enhancing the cultural landscape of the Kingdom.
Joint Venture Details
The construction will be carried out by a joint venture that includes Hassan Allam Construction – Saudi Arabia, a subsidiary of Hassan Allam Holding, recognized as one of the largest engineering and construction groups in the Middle East and North Africa. The venture also includes AlBawani Co. Ltd, a subsidiary of AlBawani Holding Company, which is known for delivering large-scale infrastructure and cultural projects across Saudi Arabia.
The official announcement was made during a signing ceremony attended by notable figures, including Jerry Inzerillo, CEO of Diriyah Company Group, and Eng. Abdullah bin Abdulaziz Al-Hammad, CEO of the Museums Commission. The event highlighted the project’s significance within the broader Diriyah development plan.
Statements from Leadership
Eng. Hassan Allam, CEO of Hassan Allam Holding, emphasized the project’s importance, stating that it marks a significant milestone in the group’s journey in Saudi Arabia. He reaffirmed the commitment to delivering cultural projects that honor historical heritage while aligning with national aspirations. He expressed pride in partnering with AlBawani, highlighting the collaborative expertise that will ensure the project’s success.
Eng. Fakher Al Shawaf, Group CEO of AlBawani Holding Company, echoed this sentiment, noting the exceptional nature of the cultural project. He pointed out that SAMoCA will serve as a national landmark, showcasing the Kingdom’s identity and cultural significance on a global stage.
Project Specifications and Cultural Impact
Located in the heart of Diriyah, a site of historical importance, the museum is part of ongoing efforts to transform the area into a global cultural and tourism hub. The project will feature a total gross floor area of 45,252 square meters and a built-up area of 77,428 square meters.
This initiative represents a substantial enhancement to Saudi Arabia’s cultural infrastructure. It aims to provide a modern museum experience while respecting Diriyah’s architectural and historical character. The project aligns with the objectives of Saudi Arabia’s Vision 2030, which seeks to promote culture and heritage.
Legacy and Experience
Hassan Allam Holding brings a legacy of over 90 years in the engineering and construction sectors, with a strong presence in the Saudi market for more than five decades. The company has a backlog exceeding USD 7.5 billion and is ranked 45th on the Engineering News-Record (ENR) Top 250 International Contractors list.
AlBawani Holding Company, with over 35 years of experience, is recognized as a key player in Saudi Arabia’s construction sector. The company leverages the expertise of its subsidiaries to deliver high-quality built environments across various sectors, including technology, energy, and public-private partnerships.
About Hassan Allam Holding
Hassan Allam Holding is one of the largest companies in Egypt and the MENA region, specializing in engineering, construction, infrastructure, and real estate development. Founded in 1936, it has established a solid reputation for technical capabilities and a diversified portfolio. The group continues to identify and invest in attractive infrastructure projects, contributing significantly to the region’s development.
For more information, visit Hassan Allam Holding.
About AlBawani Holding
AlBawani Holding Company is a leader in the construction and infrastructure sectors in Saudi Arabia. The company is dedicated to delivering world-class built environments through its diverse subsidiaries, which cover the entire construction value chain. AlBawani’s commitment to quality and excellence positions it as a vital partner in the Kingdom’s transformative projects.
For more information, visit AlBawani Holding.
Source: www.zawya.com
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Published on 2026-04-26 16:56:00 • By the Editorial Desk
