Diriyah Company has awarded a $490 million construction contract for the Saudi Arabia Museum of Contemporary Art (SAMoCA) to a joint venture of Albawani Company Ltd. and Hassan Allam Construction Saudi.
The museum will have a gross floor area of 45,252 square meters and a total built-up area of 77,428 square meters, designed by UK-based firm Godwin Austen Johnson. SAMoCA has achieved Mostadam Gold sustainability certification at both design and construction stages.
Strategic Significance
The contract underscores Diriyah's position as the most actively developing of Saudi Arabia's giga-projects. Where other developments have seen reduced spending in response to PIF's 2026-2030 recalibration, Diriyah continues to award major new contracts, supported by its UNESCO heritage status and institutional capital that is less sensitive to oil price cycles.
Diriyah Company CEO Jerry Inzerillo said the museum "will provide Saudi and international artists with a truly world-class platform - one that invites global voices to engage with the Kingdom as it is today."