New Murabba

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About New Murabba Development Company (NMDC)
His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the New Murabba Development Company (NMDC), announced today the launch of the New Murabba Development Company, a wholly owned company by PIF, to develop the New Murabba project, the world’s largest modern downtown in Riyadh. NMDC will also build the “Mukaab”, an exceptional iconic landmark at the heart of New Murabba, which will feature the latest innovative technologies and provide the world with a first of-its-kind experience.
New Murabba Project Fast Facts:
o The New Murabba project will be the world’s largest modern downtown
o The project will cover an area of 19-square-kilometers and will offer more than 25 million sqm of floor area
o The New Murabba project will accommodate hundreds of thousands of residents
o The New Murabba project will be built around the concept of sustainability, featuring green areas and walking and cycling paths that will enhance the quality of life by promoting healthy, active lifestyles and community activities
o The project will contribute to Riyadh’s future development, add SAR180 billion to non-oil GDP and create 334,000 direct and indirect jobs by 2030
o The New Murabba project is due to be completed in 2030
• Location & Distance:
o The New Murabba project will be situated at the intersection of King Salman and King Khalid roads northwest of Riyadh¬
o A unique living, working and entertainment experience within a 15-minute walking radius
o An internal transport system
o Approximately 20-minutes-drive from the airport
• Facilities:
o 1.8 million square meters of community facility space
o 620,000 square meters of leisure facilities
o More than 80 entertainment and culture venues
o A Technology and design university
o A Multipurpose immersive theater
o An iconic Museum
• Housing and Commercial:
o 1.4 million square meters of office space
o More than 980,000 square meters of retail space
o Upwards of 104,000 residential units
o 9,000 hotel rooms
Facts about the project icon, the “Mukaab”:
o The “Mukaab” will feature the latest innovative technologies and provide the world with a first of-its-kind experience
o The “Mukaab” will be one of the largest built structures, standing 400m high, 400m wide, and 400m long.
o The structure will feature 2 million square meters of floor space
o The cubic shape of the “Mukaab” will ensure the ultimate utilization of space to accommodate the technologies necessary to develop the icon
o Utilizes modern Najdi architectural style
o An internal immersive experience created by digital and virtual technology with the latest holographics
o Will encompass a tower atop a spiral base which will be a premium hospitality destination with a multitude of retail, cultural and tourist attractions, along with residential and hotel units, commercial spaces, and recreational facilities.
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