New Murabba: Saudi Arabia launches company to develop central Riyadh by Expo 2030 – The National
- Date: 17-Feb-2023
- Source: The National
- Sector:Real Estate
- Country:Saudi Arabia
New Murabba: Saudi Arabia launches company to develop central Riyadh by Expo 2030 – The National
Saudi Arabia’s Crown Prince Mohammed bin Salman on Thursday launched a company to carry out an ambitious development project in central Riyadh, as part of the kingdom's plans to make its capital a global metropolis and diversify the economy.
The kingdom aims to double the size and population of its capital with total investments of $800 billion under its Vision 2030 plan, as well as reducing its dependence on oil export revenue.
“The New Murabba Development Company's project will include a museum, a technology and design university, a multipurpose immersive theatre and more than 80 cultural and entertainment venues,” the Saudi Press Agency reported.