World’s largest modern downtown to be developed in Riyadh by NMDC

Newly formed entity will develop the New Murabba project around the concept of sustainability

His Royal Highness

Mohammad bin Salman bin Abdulaziz, Crown Prince and Prime Minister of Saudi Arabia, has announced the launch of the New Murabba Development Company (NMDC), which aims to develop the world’s largest modern downtown in Riyadh. The move will contribute to the city’s future development in line with Saudi Vision 2030.

According to a statement from the Public Investment Fund (PIF), the New Murabba project will be built around the concept of sustainability, featuring green areas, as well as walking and cycling paths that will enhance the quality of life by promoting healthy, active lifestyles and community activities. It will also feature a museum, a technology and design university, a multipurpose immersive theatre, and more than 80 entertainment and culture venues.

The new entity will develop the project and also build the “Mukaab”, an iconic landmark featuring the latest innovative technologies.

The design of the Mukaab includes first-of-its-kind facilities and will be one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long. The cube shape of the structure will ensure

2030

The project is scheduled to be completed by the year 2030

the

Ultimate Utilisation Of Space

to accommodate the technologies necessary to develop the icon.

Inspired by the modern Najdi architectural style, the Mukaab will be the world’s first immersive destination offering an experience created by digital and virtual technology with the latest in holographic technology. The landmark will encompass a tower atop a spiral base, and a structure featuring two million sqm of floor space that will be a premium hospitality destination with a multitude of retail, cultural and tourist attractions, along with residential and hotel units, commercial spaces, and recreational facilities, the statement noted.

The development is expected to add US$47.9bn to non-oil GDP and create 334,000 direct and indirect jobs. The project is due to be completed in 2030.