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ProjectUpdated on 21 August 2025

New Murabba

Omar Abed

Development Capital & Partnerships at New Murabba Development Company

Riyadh City, Saudi Arabia

About

New Murabba is a visionary mixed-use real estate development located in the heart of Riyadh, Saudi Arabia. Anchored by the iconic Mukaab — a cube-shaped skyscraper and one of the largest built structures in the world — the project is designed to be a new downtown for Riyadh, reflecting the Kingdom’s ambitions under Vision 2030. Spanning over 19 square kilometers, New Murabba aims to redefine urban living through a dynamic mix of residential, commercial, cultural, retail, and hospitality offerings. The masterplan prioritizes walkability, sustainability, and smart infrastructure, with over 80 entertainment and cultural venues, green spaces, and modern public transportation networks. Led by the New Murabba Development Company (a PIF-owned entity), the project is expected to add over SAR 180 billion to non-oil GDP and create thousands of jobs. It represents a bold step in positioning Riyadh as one of the top 10 city economies globally.

Project Location

  • Saudi Arabia

Project Format

  • Public-Private Partnership Project

ESG (Environmental, Social, and Governance)

  • Yes

Project Stage

  • Construction

Main Project Sector

  • Urban Development

Urban Development

  • Education
  • Health Facilities
  • Hospitality & Tourism
  • Property Development

Interested Format of Cooperation

  • 100% Takeover
  • Joint Venture

Preferred Financing Model

  • Open for negotiation

Previous Funding Stage

  • None

Main Service(s) Required

  • Financial Services
  • Infrastructure Services

Financial Services

  • Hedge Funds
  • Institutional Investment
  • Investment Banking

Infrastructure Services

  • Infrastructure & Utility Investment
  • Surveying & Valuation

Organisation

New Murabba Development Company

Riyadh City, Saudi Arabia

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