Diriyah Showcases Saudi Heritage, Transformational Projects at FII7

Diriyah Company had a strong presence at the 7th edition of the Future Investment Initiative (FII7) held in Riyadh. SPA
Diriyah Company had a strong presence at the 7th edition of the Future Investment Initiative (FII7) held in Riyadh. SPA
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Diriyah Showcases Saudi Heritage, Transformational Projects at FII7

Diriyah Company had a strong presence at the 7th edition of the Future Investment Initiative (FII7) held in Riyadh. SPA
Diriyah Company had a strong presence at the 7th edition of the Future Investment Initiative (FII7) held in Riyadh. SPA

At the 7th edition of the Future Investment Initiative (FII7) held in Riyadh this week, the Diriyah Company, an FII strategic partner, showcased its investment opportunities as Saudi Arabia’s foremost heritage and culture destination to a global audience.
Diriyah Company had a strong presence at the event, with the Group CEO Jerry Inzerillo taking an active role in several panels and discussions.
Reflecting on Diriyah Company’s participation, Inzerillo said, “A giga-project at the heart of Saudi Arabia’s transformation, Diriyah is a driving force for the future of the Kingdom. As we highlight Diriyah's remarkable evolution, we invite residents, visitors, investors, and travelers to delve into its rich history and actively contribute to its unfolding future.”
“We are building one of the world’s greatest gathering places, intertwining rich history and modern culture, setting unprecedented standards for blending heritage into everyday life. We create immersive spaces where tradition blends seamlessly with modernity. By supporting our local communities, we foster a smart, sustainable, resilient, and prosperous future for all,” he said.
The Diriyah Company said in a statement that FII attendees visiting its booth engaged with experts and deepened their understanding of Diriyah's overarching vision. “This depth is reflected in the Diriyah masterplan, drawing inspiration from traditional Najdi architecture. It sets a new benchmark in heritage and urban development, positioning Diriyah as a prominent global gathering place and center of innovation, celebrating Saudi heritage and culture," it said.
A panel on the second day of FII explored the subject of "Advancing Regenerative Tourism.” Inzerillo was joined by fellow leaders from the Kingdom’s giga-projects and top-tier international hospitality brands. Moderated by CNN's Richard Quest, the discussion delved into the potential of private-sector initiatives to rejuvenate the environment and local communities, emphasizing the rising importance of regenerative tourism.



Van Gogh Painting Falls Short of Expectations in Hong Kong Auction

A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
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Van Gogh Painting Falls Short of Expectations in Hong Kong Auction

A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP
A visitor looks closely at 'Les canots amarres' by Vincent van Gogh at Christie's new Asia Pacific headquarters in Hong Kong. Peter PARKS / AFP

A Vincent van Gogh painting displaying the artist's shift from dark realism to vibrant impressionism sold for US$32.2 million at a Hong Kong auction on Thursday, falling short of expectations that it would fetch a record-breaking price.
"Les canots amarres" -- or "the moored boats" -- was the centerpiece of an inaugural evening sale held to celebrate the opening of auction house Christie's new Asia Pacific headquarters.
According to Christie's, it was expected to fetch HK$230-380 million (US$30-50 million) on the auction floor, AFP reported.
If bidding had reached the higher end of the estimated value, it could have surpassed Jean-Michel Basquiat's "Warrior" -- which went for HK$323.6 million in 2021 -- as the most expensive Western painting sold in Asia.

But the hammer of auctioneer Adrien Meyer fell Thursday at HK$250 million.
Cristian Albu, deputy chairman and head of 20th/21st century art at Christie's Asia Pacific, said the price was the "record of a Van Gogh in Asia.”
The auction house was "cautious" with its lineup on Thursday in hopes of boosting market confidence, added Ada Tsui, head of evening sale and specialist for 20th/21st century art.
Owned by the Italian royal family of Bourbon Two Sicilies, the Van Gogh painting is "the most important painting by the artist ever to be offered in Asia,” Christie's said in its introduction.
"'Les canots amarres' marks a vital stepping stone in his career," it said.
The painting is one of about 40 works Van Gogh developed around the scenic French town of Asnieres, a boating hub on the outskirts of Paris, during the summer of 1887.