Diriyah Company has announced the launch of its Media and Innovation District at MIPIM in Cannes.
This pioneering, future-focused Media and Innovation District will redefine the technology, media, and communications industries by creating a dynamic new ecosystem within Diriyah, encouraging innovation and collaboration between local and global industry leaders.
The district will be home to global media networks, creative agencies, and professionals seeking a collaborative ecosystem with state-of-the-art infrastructure, designed to promote sustainability and provide an exceptional quality of life.
Spanning over 250,000 sqm of office GFA, the Media and Innovation District will feature approximately 450 residential homes, and over 15,000 sqm for retail outlets, and a mix of dining options. It also includes the 325-room luxury 1 Hotel Diriyah, the first property from the global 1 Hotels brand marking its Middle East debut and designed using sustainable and local resources.
Strategically located near the planned multi-purpose 20,000-seater Diriyah Arena, the Media and Innovation District is a pioneering development in the second phase of Diriyah’s urban master plan.
Designed to host tech giants and innovation hubs that will foster creativity, content creation, digital transformation, and technological advancement, the district has already attracted significant interest from investors and partners, including major international and regional broadcasting companies, as well as industry leaders.
MIPIM 2025 also saw the announcement of another key milestone for Diriyah, the Armani Residences Diriyah, a 15 limited-edition residences that feature bespoke interiors individually curated by iconic Italian fashion designer Giorgio Armani. Diriyah Company also showcased key assets and highlighted commercial office leasing opportunities.
Jerry Inzerillo Group CEO – Diriyah Company
“The Media and Innovation District will position Diriyah as a global hub for media production, technological innovation, and creative industries. By leveraging its rich heritage and forward-looking vision, we are cultivating a world-class ecosystem for the brightest minds in these fields. We anticipate a positive response from global industry leaders eager to benefit from world-class, high-tech facilities in an environment that fosters groundbreaking ideas, technological breakthroughs, and creative content.”
The district’s office buildings are designed to achieve leading sustainability credentials at every stage, including planning, design, construction, and operation, incorporating state-of-the-art technologies and expansive, light-filled workspaces.
At MIPIM, Diriyah Company also showcased extensive commercial office leasing and investment opportunities within the $63.2 billion (SAR 236 billion ) mixed-use Diriyah masterplan.
This includes 1.6 million square meters of office GFA, 566,000 square meters of retail GFA, over 40 hotels, and 18,000-plus luxury residences featuring a contemporary interpretation of Najdi design, as well as cultural, entertainment, healthcare, and sports assets, among others.
Developed on the outskirts of Riyadh, Diriyah is one of Saudi Arabia’s five giga-projects, backed by the world’s 5th largest sovereign wealth fund, the Public Investment Fund.
As part of this transformative urban development, Diriyah aims to provide homes for more than 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.
