Diriyah Company Awards $490M Contract for Saudi Arabia Museum of Contemporary Art
Diriyah Company has awarded a $490 million contract to build the Saudi Arabia Museum of Contemporary Art (SAMCA) in Diriyah, the company announced May 10, 2026. The announcement was published via the Public Investment Fund newswire.
Project Scope and Development Details
The museum will occupy approximately 485,000 square feet of gross floor area across a single structure at the Diriyah Gate Development Zone. At a contract value of $490 million, the implied cost works out to approximately $1,010 per square foot of gross floor area. The identity of the contractor was not disclosed in the announcement.
Additional details regarding contract structure, funding sources, financing arrangements, sustainability certifications, exhibition space breakdown, and construction timeline were not disclosed in the source announcement.
Diriyah Company and Public Investment Fund
The announcement was published on the Public Investment Fund's newswire. Further details regarding Diriyah Company's corporate structure, its relationship to the Public Investment Fund, the broader Diriyah masterplan budget, or other previously awarded contracts were not included in the source material and have been omitted.
Sources
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