{"id":95253,"date":"2025-03-13T00:00:00","date_gmt":"2025-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/13\/bsf-agrees-to-lend-diriyah-sar-6-bn-for-wadi-safar-project\/"},"modified":"2025-03-13T00:00:00","modified_gmt":"2025-03-13T00:00:00","slug":"bsf-agrees-to-lend-diriyah-sar-6-bn-for-wadi-safar-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/13\/bsf-agrees-to-lend-diriyah-sar-6-bn-for-wadi-safar-project\/","title":{"rendered":"BSF agrees to lend Diriyah SAR 6 bn for Wadi Safar project"},"content":{"rendered":"

PIF-owned Diriyah Company secured a SAR 6 bn (USD 1.2 bn) financing agreement from <\/strong>Banque Saudi Fransi<\/strong> (BSF) to fund the development of Diriyah\u2019s Wadi Safar<\/a> project, the company said in a statement on LinkedIn<\/a>. No further details were provided on the financing terms. <\/p>\n

ICYMI-<\/strong> Work began on the Wadi Safar project in July 2024, after the master developer awarded a SAR 8 bn contract<\/a> to a joint venture comprising local contractor Al Bawani and Urbacon Saudi to build four luxury hotels as well as the Royal Diriyah Equestrian and Polo Club. <\/p>\n

About the project:<\/strong> Wadi Safar is a master-planned gated community with resorts, branded residences, and retail outlets. The development \u201cis set to attract over 50 mn visitors by 2030, making it one of the world\u2019s most important cultural and tourism destinations,\u201d Diriyadh said in its statement. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project is set to attract over 50 mn visitors by 2030<\/p>\n","protected":false},"author":1,"featured_media":95254,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[3038,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-banque-saudi-fransi-bsf","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"650a98e4-fbbc-478f-aac0-1a8ba06fff32","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1039.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BSF agrees to lend Diriyah SAR 6 bn for Wadi Safar project","related_issue":[95241],"teaser":"The project is set to attract over 50 mn visitors by 2030","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.e73a1852-e7a1-4a9c-a25b-cd6a2e87df0e.mp3"},"yoast_head":"\nBSF agrees to lend Diriyah SAR 6 bn for Wadi Safar project - 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