Hassan Allam and AlBawani JV Awarded $490m SAMoCA Contract

DIRIYAH, SAUDI ARABIA – Hassan Allam Holding and AlBawani Holding Company have announced that their joint venture has been awarded a $490 million (SAR1.84 billion) contract to construct the Saudi Arabia Museum of Contemporary Art (SAMoCA) for Diriyah Company.

The project is one of the most prominent cultural and iconic developments within the Diriyah development plan in Saudi Arabia.

The works will be delivered by a joint venture comprising Hassan Allam Construction – Saudi Arabia, a subsidiary of Hassan Allam Holding, alongside AlBawani Co. Ltd, a subsidiary of AlBawani Holding Company.

The official announcement was made during a signing ceremony attended by Jerry Inzerillo, CEO of Diriyah Company Group; Eng. Abdullah bin Abdulaziz Al-Hammad, Chief Executive Officer of the Museums Commission; Eng. Hassan Allam, CEO of Hassan Allam Holding; and Eng. Fakher AlShawaf, Group Chief Executive Officer of AlBawani Holding Company.

On this occasion, Eng. Hassan Allam, CEO of Hassan Allam Holding, said: “This project represents an important milestone in the Group’s journey within the Kingdom of Saudi Arabia and reaffirms our commitment to delivering world-class cultural projects that respect historical heritage and meet national future ambitions. We are also proud to partner with AlBawani in executing this iconic project, in a collaboration that reflects integrated expertise and strengthens our joint capability to deliver major national projects to the highest standards. Saudi Arabia has been a central market for Hassan Allam Group for over five decades, during which we continue to contribute to the delivery of high-impact, long-lasting projects.”

Eng. Fakher Al Shawaf, Group Chief Executive Officer of AlBawani Holding Company, said: “We are proud to partner with Hassan Allam Construction in delivering this exceptional cultural project, which reflects the integration of our expertise and capabilities in executing complex projects to the highest quality standards. The Saudi Arabia Museum of Contemporary Art (SAMoCA) demonstrates our commitment to developing national landmarks that highlight the Kingdom’s identity and cultural stature globally.”

Located in the heart of Diriyah, one of Saudi Arabia’s most prominent historical sites, SAMoCA forms part of ongoing efforts to develop the area as a global cultural and tourism destination.

The museum will have a total gross floor area of 45,252 sqm and a total built-up area of 77,428 sqm.

The project represents a major addition to the Kingdom’s cultural infrastructure, combining the requirements of a modern museum experience with respect for Diriyah’s architectural and historical character. It is expected to enhance Diriyah’s position as a centre for culture and heritage while supporting the objectives of Saudi Arabia’s Vision 2030.

The project draws on Hassan Allam Holding’s 90-year legacy, its presence in the Saudi market for more than five decades, and its continued commitment to delivering long-term, high-impact projects across the region.

It also reflects AlBawani Holding’s three and a half decades of experience and its established role in Saudi Arabia’s construction sector, positioning the company as a key partner in the Kingdom’s major transformation and giga-projects.