# Ashoka Buildcon JV wins $191M contract for Diriyah II One Hotel in Riyadh

Ashoka Buildcon's joint venture in Saudi Arabia has been awarded the main construction contract for the Diriyah II One Hotel project in Riyadh by the Diriyah Company. The accepted bid project cost is SAR 717 million ($191.12 million).

- Type: Contract
- Announced: 2026-02-23
- Where: Riyadh, Saudi Arabia
- Value: $191.1M (717.0M SAR)
- Status: announced
- Products: hotel construction

## Companies

- [Ashoka Buildcon](https://endata.com/companies/16254.md)
- [Diriyah Company](https://endata.com/companies/30654.md) (customer)
- [BEC Arabia Contracting Co.](https://endata.com/companies/90479.md) (partner)

## Sources

- [tradingview.com](https://www.tradingview.com/news/reuters.com,2026-02-23:newsml_ZawbYdhQm:0-zawya-projects-india-s-ashoka-buildcon-unit-wins-construction-contract-for-diriyah-ii-one-hotel/), 2026-02-23: "The accepted bid project cost is 717 million million ($191.12 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.