Saudi Arabia’s Crown Prince Mohammed bin Salman has announced the launch of the New Murabba Development Co. which is set to transform downtown Riyadh through the building of a unique living, working, and entertainment experience. The New Murabba project will be built around the concept of sustainability by featuring green areas and walking and cycling paths that will enhance the quality of life by promoting healthy lifestyles and community activities. So, like another smaller NEOM.
The New Murabba will offer more than 25 million sq. km of floor area, 104,000 residential units, 9,000 hotel rooms, 980,000 sq. m of retail space, 1.4 million sq. m of office space, 620,000 sq. m of leisure assets, and 1.8 million sq. m of community facilities.
The NMDC project will be situated at the intersection of King Salman and King Khalid roads to the North West of Riyadh, over an area of 19km2, and “accommodate hundreds of thousands of residents”, Saudi Press Agency said.
The New Murabba project is due to be ready in 2030.