Saudi Arabia Announces the New Murabba Development Company to Develop the World’s Largest Modern Downtown in Riyadh

Saudi Arabia Announces the New Murabba Development Company to Develop the World’s Largest Modern Downtown in Riyadh

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 which aims to develop the world’s largest modern downtown in Riyadh, contributing to the city’s future development in line with Saudi Vision 2030.

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. It 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 situated at the intersection of King Salman and King Khalid roads to the North West of Riyadh, over an area of 19 square kilometers, to accommodate hundreds of thousands of residents. The project will offer more than 25 million sqm of floor area, featuring more than 104,000 residential units, 9,000 hotel rooms, and more than 980,000 sqm of retail space, as well as 1.4 million sqm of office space, 620,000 sqm of leisure assets, and 1.8 million sqm of space dedicated to community facilities.

The New