Webuild Wins USD 600 Million Package 3 Contracts to Expand Diriyah Square into Cultural and Commercial Hub

Webuild Wins USD 600 Million Package 3 Contracts to Expand Diriyah Square into Cultural and Commercial Hub

(IN BRIEF) Webuild has secured an additional USD 600 million in contracts for Diriyah Square’s Package 3 Finishing and MEP, bringing its total project value in the Diriyah development to around USD 2 billion. The scope includes more than 70 Najdi-inspired buildings and public spaces over 365,000 m², complementing an already under-construction 10,500-space underground car park. Active in Saudi Arabia since 1966, Webuild is also engaged in major initiatives such as the Riyadh-Qiddiya high-speed line, Trojena dams and lake, and Riyadh Metro Line 3, reinforcing its leadership in large-scale infrastructure.

(PRESS RELEASE) MILAN, 15-Jul-2025 — /EuropaWire/ — Webuild has been awarded new contracts worth approximately USD 600 million (100% Group share) to advance Diriyah Square, the landmark cultural and commercial development in northwest Riyadh. These latest awards bring Webuild’s total commitments on the Diriyah project to nearly USD 2 billion, following previous packages that have already transformed the historic UNESCO World Heritage site of At-Turaif into a premier urban destination.

Under “Package 3 Finishing and MEP,” Webuild will deliver over 70 traditionally styled Najdi-architecture buildings and public realms across 365,000 m², creating a pedestrian-oriented hub for retail, dining, and leisure. This phase complements existing work, including a 10,500-space underground parking structure—55 percent complete since its 2022 award—and associated structural scopes in Packages 3, 6, and 7.

“We are honoured to contribute to such a symbolically rich and strategically vital endeavour for Saudi Arabia,” commented Pietro Salini, Webuild Chief Executive. “This new phase of Diriyah Square will strengthen our local footprint and generate lasting benefits for the community.”

Webuild’s history in the Kingdom dates back to 1966, with more than 90 landmark projects across civil buildings, sustainable mobility, and desalination. Current strategic engagements include the Riyadh–Qiddiya high-speed rail, the Trojena mountain-resort dams and freshwater lake, and Riyadh’s urbanisation masterplan. The Group also completed Riyadh Metro Line 3, the world-acclaimed Kingdom Tower (Emporis Skyscraper Award 2002), over 70 healthcare facilities, and a major Fisia Italimpianti desalination plant.

Webuild is a global leader in the design and construction of large, complex infrastructure projects in sustainable mobility, hydropower, water treatment, and green buildings. A recognized leader in the water sector, it works in approximately 50 countries with over 92,000
people of 125 different nationalities. The Group boasts nearly 120 years of applied engineering on more than 3,700 completed projects, with a track record of 13,648 kilometres of railways, 891 kilometres of metro lines, 82,577 kilometres of roads and highways,
1,022 kilometres of bridges and viaducts, 3,462 kilometres of tunnels, and 318 dams and hydropower plants. Among its most famous projects: the expansion of the Panama Canal, the Long Beach International Gateway bridge in California, the Third Bosphorus Bridge in Turkey, the Sydney Metro Northwest skytrain viaduct and bridge, the Kingdom Centre skyscraper in Riyadh, Saudi Arabia, and numerous metro lines in Copenhagen, Paris, Rome, Milan, Naples, Doha, Thessaloniki, and Riyadh. Among the main ongoing projects, the following stand out: the New Genoa Breakwater, the Brenner Base Tunnel, the Pedemontana Lombarda Highway, Line C of Rome’s
metro network, the high-capacity railways between Genoa and Milan, the high-speed railway between Naples and Bari, the PalermoCatania-Messina high-capacity railway, the Snowy 2.0 hydropower scheme in Australia, and the Trojena dam network in Saudi Arabia. As of December 31, 2024, the Webuild Group registered total revenues for €12 billion and a total backlog of €63 billion, with more than 90% of its construction backlog related to projects linked to the United Nations Sustainable Development Goals (SDGs). Webuild, subject to the direction and coordination of Salini Costruttori S.p.A., is headquartered in Italy, is listed on the Milan Stock Exchange, Borsa Italiana (WBD; WBD.MI; WBD:IM), and since 2021, it is included in the MIB ESG index of the Italian blue-chip companies with the best ESG practices.

Media Contacts:

Francesca Romana Chiarano
Senior Manager – Media Relations
Tel. +39 338 247 4827
email: f.chiarano@webuildgroup.com

Amarilda Karaj
Investor Relations
Tel +39 02 444 22476
email: a.karaj@webuildgroup.com

SOURCE: Webuild