Prince Mohammed bin Salman, the Saudi Crown Prince and Prime Minister, announced on Monday the inclusion of the Diriyah project as the fifth major project owned by the Public Investment Fund.
And with the announcement by bin Salman, who is also chairman of the board of directors of the Public Investment Fund, the Diriyah project will become “one of the only projects of its kind in the world, with its rich cultural, heritage and tourism components and landmarks,” according to the Saudi news agency.SPA“.
The Diriyah project “is important because it embraces many of the cultural and heritage landmarks of the Kingdom, such as the historic Turaif district, which is one of the sites listed on the UNESCO World Heritage List, as well as many heritage elements that will make the I design an attractive and unique destination.”
The Public Investment Fund’s major projects portfolio includes NEOM, Red Sea, Qiddiya, Roshan and Diriyah projects.
The Diriyah project will help boost several strategic local sectors, as well as create partnership opportunities with the private sector, according to Wass.
The Diriyah Development Project, one of the sites on the UNESCO World Heritage List, was formerly affiliated with the Diriyah Gate Development Authority.
The agency said the authority would continue the tasks of organizing and overseeing the project.