Revolutionizing Saudi Urban Sector: New Murabba Development Co. Showcases Mukaab at Global Real Estate Event
International investors are in for a treat as New Murabba Development Co. gears up to showcase its latest project, Mukaab, at the prestigious MIPIM 2024 event in France. This urban development giant is set to unveil Mukaab as part of New Murabba Modern Downtown, a groundbreaking project in Riyadh that is set to redefine the city’s skyline.
Mukaab, standing tall at 400 meters in height, width, and length, is planned to incorporate cutting-edge technology and innovation. With over 4 million cubic meters of material already excavated, this development is set to be one of the largest built structures globally.
New Murabba is not holding back with its ambitious plans, aiming to provide more than 27 million sq. m. of floor area, including residential units, hotel rooms, retail spaces, office spaces, leisure assets, and community facilities. This project is a true testament to the company’s commitment to creating a vibrant and sustainable urban environment.
Michael Dyke, the CEO of New Murabba Development Co., emphasized the company’s role in shaping the future of Saudi Arabia’s economy. With a focus on innovation, sustainability, and cultural vibrancy, New Murabba is paving the way for a dynamic and thriving metropolis.
Dyke urged global investors to seize the opportunity to be part of this groundbreaking destination, highlighting the strategic location and potential for growth in the Kingdom. By attracting foreign investment, New Murabba aims to inject $50 billion into the non-oil economy and create over 330,000 jobs by 2030.
The company’s vision goes beyond just creating a modern city center; it aims to set a new standard for urban development worldwide. With a strong alignment with Saudi Arabia’s Vision 2030 goals, New Murabba is at the forefront of diversifying the economy and enhancing the quality of life for its citizens.