Diriyah Company has secured a SAR 6 billion (USD 1.6 billion) financing agreement from Banque Saudi Fransi (BSF) to fund the development of the Wadi Safar masterplan.

As one of the three masterplans developed by Diriyah Company, Wadi Safar is a 62 sq km highly exclusive residential development that will feature a selection of ultra-luxury hospitality, sports and leisure, and retail assets. In July 2024, a $2.13 billion joint venture construction contract was awarded for the development of the Royal Equestrian & Polo Club and four world-class hotels including Aman, Six Senses, The Chedi, and Faena. Wadi Safar is also the location for the prestigious 27-hole Signature Golf Course designed by Greg Norman and Royal Golf Club.

The financing agreement with Banque Saudi Fransi underscores Diriyah Company's commitment to delivering a world-class development that aligns with Saudi Vision 2030. The recent opening of Bab Samhan, Diriyah's first hotel, along with the successful opening of At-Turaif District and Bujairi Terrace in 2022, which already attracted 3 million visits this year.

Located on the outskirts of Riyadh, Diriyah is one of Saudi Arabia's five giga-projects, supported by the Public Investment Fund (PIF). This integrated urban development is designed to provide homes for nearly 100,000 residents, create an estimated 178,000 jobs, attract 50 million annual visits, and contribute a remarkable $18.6 billion directly to Saudi Arabia’s GDP once completed.