{"id":87625,"date":"2026-02-25T00:00:00","date_gmt":"2026-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/25\/ashoka-jv-wins-diriyah-hotel-contract\/"},"modified":"2026-02-25T00:00:00","modified_gmt":"2026-02-25T00:00:00","slug":"ashoka-jv-wins-diriyah-hotel-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/02\/25\/ashoka-jv-wins-diriyah-hotel-contract\/","title":{"rendered":"Ashoka JV wins Diriyah hotel contract"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">USD 191 mn Diriyah hotel contract<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Indian construction firm Ashoka Buildcon\u2019s joint venture in Saudi Arabia bagged the main contract for the Diriyah II One Hotel project in Riyadh<\/strong>, awarded by Diriyah Company, <a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/projects\/construction\/indias-ashoka-buildcon-unit-wins-construction-contract-for-diriyah-ii-one-hotel-kr9vkf5z\" style=\"\">Zawya<\/a> reports. The project, valued at USD 191.1 mn, is scheduled for completion within 27 months. The JV is between Ashoka Buildcon and Saudi partner BEC Arabia Contracting Co., with Ashoka holding a 49% stake. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>Owned by the Public Investment Fund, Diriyah, a USD 63 bn real estate and tourism development project, is part of a larger trend of Indian engineering and construction firms securing work on Saudi\u2019s Giga Projects. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Amarak launches 60k TPA sulphur plant in Jafza<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.amarakfzc.com\/\" style=\"\">Amarak<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.amarakfzc.com\/\" style=\"\">Chemicals<\/a><\/strong><strong>, an associate of India-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ariesgroupglobal.com\/\" style=\"\">Aries Group<\/a><\/strong><strong>, has started producing sulphur-based agricultural products at a new facility in Dubai\u2019s Jebel Ali FreeZone<\/strong> (Jafza), according to a <a target=\"_blank\" href=\"https:\/\/www.jafza.ae\/resource-centre\/media\/news\/amarak-chemicals-launches-60000-tonne-per-year-sulphur-facility-in-dubai\/\" style=\"\">company statement<\/a>. The plant is designed to manufacture sulphur bentonite and other sulphur-derived inputs used in agriculture with a capacity of up to 60k metric tonnes per year. The company\u2019s <a target=\"_blank\" href=\"https:\/\/aninews.in\/news\/business\/amarak-chemicals-launches-60000-tonne-state-of-the-art-sulphur-manufacturing-facility-in-dubai20260224102055\/#:~:text=VMPLNew%20Delhi%20%5BIndia%5D%2C,capabilities.The%20facility%20has%20a\" style=\"\">Jafza unit is registered under the India-UAE CEPA<\/a>, enabling zero-duty exports from the facility. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: Amarak commences Jafza manufacturing<\/p>\n","protected":false},"author":1,"featured_media":87626,"comment_status":"closed","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":[2444],"tags":[2443,2941,2402,2725,2942,2944,2943,2940,2624],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-ashoka-buildcon","tag-enterpriseam-india","tag-india-uae-cepa","tag-jebel-ali-free-zone-authority","tag-ltimindtree","tag-medtech","tag-public-investment-fund-pif","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"1fe1e577-4d31-4e7e-94a8-5221de70c812","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1142.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ashoka Buildcon bags Diriyah hotel project in Saudi Arabia","related_issue":[87615],"teaser":"Plus: Amarak commences Jafza manufacturing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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