Saudi Arabia Museum of Contemporary Art Gets $490 M. from Powerful Real Estate Firm

The forthcoming Saudi Arabia Museum of Contemporary Art has received a $490 million construction grant from Diriyah Company, a real estate firm chaired by Crown Prince Mohammed bin Salman. Designed by Dubai-based Godwin Austen Johnson, the museum will span 883,000 square feet—larger than the Louvre in Paris—and will be located in Diriyah, with additional exhibitions in Riyadh. The grant supports Saudi Arabia's Vision 2030 plan to diversify the economy away from oil.