H RH Crown Prince Launches New Murabba Development Company to Build World's Largest Modern Downtown in Riyadh

 The Prime Minister and Chairman of the New Murabba Development Company (NMDC), HRH Crown Prince Mohammad bin Salman bin Abdulaziz, announced the launch of the New Murabba Development Company. The aim of the project is to develop the world's largest modern downtown in Riyadh, which will contribute to the city's future development in line with Saudi Vision 2030. The project will be built with sustainability in mind and will include green areas, walking and cycling paths, and community activities. The development will also feature an iconic museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues. The project will be located at the intersection of King Salman and King Khalid roads, over an area of 19 square kilometers, and will include more than 25 million sqm of floor area. 

 

The NMDC will develop the project and build the "Mukaab", an exceptional iconic landmark featuring the latest innovative technologies. The launch of NMDC is part of PIF's strategy to enable the private sector, increase local content, and contribute to the development of real estate projects and local infrastructure. The project is expected to add SAR180 billion to non-oil GDP and create 334,000 direct and indirect jobs by 2030.

 

You can find more details  here https://www.newmurabba.com/