Several Indian firms have expressed strong interest in investing in Diriyah, a $63.2 billion mega-development on the outskirts of Riyadh, Saudi Arabia. Major Indian business groups, including Tata and Oberoi, have already signed agreements, according to Diriyah CEO Jerry Inzerillo.

Dubbed the "City of Earth," Diriyah aims to be a global cultural and tourism hub, featuring over 40 luxury hotels, 1,000+ retail outlets, 150+ restaurants, a university, an opera house, a golf course, and an equestrian center. The development also includes the UNESCO-listed At-Turaif heritage site and is expected to house 200,000 residents and workers.

“India is a crucial partner for Saudi Arabia, with bilateral trade reaching $52.8 billion in 2022-23. More than 3,000 Indian companies already operate in the Kingdom across construction, IT, energy, and telecom,” Inzerillo said at the World Economic Forum 2025 in Davos.

Highlighting the investment opportunities, he noted that Taj Hotels will open its 250th property in Diriyah, while an Oberoi Hotel will be near the equestrian and polo center.

Inzerillo emphasized that Indian firms have wide-ranging opportunities in residential, hospitality, education, healthcare, and office development. Investment packages tailored for Indian businesses are also in place.

Beyond investments, Diriyah is a key gateway for Indian tourists, with 1.5 million visiting Saudi Arabia last year—a 50% rise. The project aims to attract 50 million visitors annually by 2030, with Indian travelers expected to play a major role.

Diriyah will contribute $18.6 billion to Saudi GDP and create 178,000 jobs. With over 200 Indian employees already working on the project, the city is set to deepen Saudi-India economic ties significantly.

Several Indian firms have expressed strong interest in investing in Diriyah, a $63.2 billion mega-development on the outskirts of Riyadh, Saudi Arabia. Major Indian business groups, including Tata and Oberoi, have already signed agreements, according to Diriyah CEO Jerry Inzerillo.

Dubbed the "City of Earth," Diriyah aims to be a global cultural and tourism hub, featuring over 40 luxury hotels, 1,000+ retail outlets, 150+ restaurants, a university, an opera house, a golf course, and an equestrian center. The development also includes the UNESCO-listed At-Turaif heritage site and is expected to house 200,000 residents and workers.

“India is a crucial partner for Saudi Arabia, with bilateral trade reaching $52.8 billion in 2022-23. More than 3,000 Indian companies already operate in the Kingdom across construction, IT, energy, and telecom,” Inzerillo said at the World Economic Forum 2025 in Davos.

Highlighting the investment opportunities, he noted that Taj Hotels will open its 250th property in Diriyah, while an Oberoi Hotel will be near the equestrian and polo center.

Inzerillo emphasized that Indian firms have wide-ranging opportunities in residential, hospitality, education, healthcare, and office development. Investment packages tailored for Indian businesses are also in place.

Beyond investments, Diriyah is a key gateway for Indian tourists, with 1.5 million visiting Saudi Arabia last year—a 50% rise. The project aims to attract 50 million visitors annually by 2030, with Indian travelers expected to play a major role.

Diriyah will contribute $18.6 billion to Saudi GDP and create 178,000 jobs. With over 200 Indian employees already working on the project, the city is set to deepen Saudi-India economic ties significantly.