New MurabbaTransforming Riyadh into a Modern Urban Center

The New Murabba project is set to cover an expansive area of 19 million square meters, making it one of the largest urban developments in the region. It will feature the iconic Mukaab, a cube-shaped skyscraper standing 400 meters tall, wide, and long, which will serve as a central landmark. The project is designed to accommodate approximately 420,000 residents and will include a mix of residential, commercial, and leisure facilities.

Key Facts and Numbers

• Total Area: 19 million square meters
• Residential Units: Over 104,000 units
• Hotel Rooms: 9,000
• Retail Space: 980,000 square meters
• Office Space: 1.4 million square meters
• Leisure Facilities: 620,000 square meters
• Community Facilities: 1.8 million square meters
• Projected Economic Impact: $50 billion added to the non-oil GDP and 334,000 jobs created by 2030.

How Companies Are Already Capitalizing

International and local companies are already engaging with the New Murabba project, recognizing its potential for growth and innovation. Notable contractors such as Bechtel and Turner Arabia have been awarded project management agreements, while local firms like Saudi Real Estate Infrastructure Company are involved in early works. This collaboration opens doors for various sectors, including construction, design, and technology, allowing companies to contribute to the project's ambitious goals.

What are the key features of the New Murabba project

The New Murabba project in Riyadh is a transformative urban development initiative that embodies several key features aimed at redefining the city. Here are the primary features of the New Murabba project:

1. Massive Scale: Covering an area of 19 square kilometers, New Murabba is designed to accommodate approximately 420,000 residents, making it one of the largest urban developments in Saudi Arabia.
2. Iconic Landmark - The Mukaab: At the heart of the project is the Mukaab, a monumental cube-shaped skyscraper measuring 400 meters on each side. This structure will serve as a central hub for retail, cultural, and entertainment activities, featuring cutting-edge technology and immersive experiences.
3. Diverse Facilities: The project will include over 104,000 residential units, 9,000 hotel rooms, and approximately 980,000 square meters of retail space, alongside 1.4 million square meters of office space and 620,000 square meters dedicated to leisure facilities.
4. Sustainable Design: New Murabba emphasizes sustainability, incorporating green spaces, pedestrian pathways, and cycling lanes to promote healthy lifestyles. The design aims to create a "15-minute city," where all essential amenities are accessible within a short walk or ride.
5. Cultural and Educational Venues: The development will feature more than 80 entertainment and cultural venues, including a museum and a technology and design university, fostering a vibrant community atmosphere.
6. Economic Impact: The project is expected to contribute over $47 billion to the non-oil GDP and create approximately 334,000 jobs, supporting Saudi Arabia's Vision 2030 goals of economic diversification and job creation.

These features collectively position New Murabba as a pioneering urban center that blends modern living with sustainability and cultural richness.

Opportunities for International Companies in New Murabba project

The New Murabba project presents numerous opportunities for international companies in various sectors, including:

• Design and Construction: International firms can leverage their expertise in engineering, architecture, and construction management to participate in the development.
• Technology and Innovation: Companies specializing in smart city technologies, renewable energy, and sustainable solutions can find a platform to showcase their innovations.
• Retail and Hospitality: With significant retail and hospitality space planned, businesses in these sectors can establish a presence in a rapidly growing urban environment.
• Infrastructure Development: Opportunities exist in developing transportation networks and essential services to support the new downtown area.

New Murabba Recent Announcements

• Construction Progress: Significant groundwork has already been laid, with over 5 million cubic meters of excavation completed for the Mukaab, and piling activities set to begin soon.
• Global Partnerships: NMDC has invited global design firms to collaborate on the Mukaab, aiming to incorporate cutting-edge architecture and sustainable practices.
• Investment Opportunities: The project aims to attract substantial foreign investment, showcasing its potential at international events like MIPIM 2024.

New Murabba Progress

Despite concerns about the scale and feasibility of such large projects, the New Murabba initiative is actively progressing. The awarding of contracts to reputable international and local firms demonstrates a commitment to delivering on its ambitious goals.

The New Murabba project is poised to transform Riyadh into a modern urban center that embodies the principles of sustainability, innovation, and cultural vibrancy. With its ambitious scope and strategic alignment with Saudi Vision 2030, it offers significant opportunities for international companies looking to invest in the Kingdom's future.

As construction progresses and partnerships flourish, New Murabba stands as a testament to Saudi Arabia's commitment to economic diversification and urban development.