New Murabba
A 19-square-kilometre mixed-use megaproject in northwestern Riyadh developed by PIF, anchored by The Mukaab landmark cube structure.
Definition
New Murabba is a 19-square-kilometre master-planned mixed-use development in the al-Qirawan district of northwestern Riyadh, Saudi Arabia. Developed by New Murabba Development Company (NMDC), a wholly-owned subsidiary of the Public Investment Fund (PIF), it is designed as Riyadh’s new downtown district. The development’s signature landmark is The Mukaab, a 400-metre cube-shaped structure whose construction was suspended in January 2026.
Overview
New Murabba is planned to deliver 104,000 residential units, 9,000 hotel rooms, 980,000 square metres of retail space, 1.4 million square metres of office space, and 620,000 square metres of leisure and entertainment facilities. The district targets 400,000 residents, 100,000 daily commuters, and 90 million annual visitors. It is projected to contribute SAR 180 billion ($48 billion) to Saudi Arabia’s non-oil GDP and create 334,000 direct and indirect jobs.
NMDC is chaired by Crown Prince Mohammed bin Salman. The project management and design mandate is held by Parsons Corporation, AtkinsRealis, AECOM, and Jacobs. While construction of The Mukaab has been suspended, development of the broader residential and commercial district is expected to continue under a phased delivery model aligned to Expo 2030 and the 2034 FIFA World Cup deadlines.
Key Facts
| Fact | Detail |
|---|---|
| Total area | 19 square kilometres |
| Residential units | 104,000 |
| Hotel rooms | 9,000 |
| Retail space | 980,000 sqm |
| Office space | 1.4 million sqm |
| Leisure and entertainment | 620,000 sqm |
| Community facilities | 1.8 million sqm |
| Anchor landmark | The Mukaab (400m cube) |
| Developer | New Murabba Development Company (PIF) |
| Target population | 400,000 residents |
| Annual visitors (projected) | 90 million |
| GDP contribution (projected) | SAR 180 billion ($48 billion) |
| Jobs (projected) | 334,000 |
| Original timeline | 2023–2030 |
| Revised timeline | Phased delivery to 2040 |
Role in Vision 2030
New Murabba is central to Vision 2030’s urbanisation strategy for Riyadh, supporting the Kingdom’s target of growing the capital’s population to 9.6 million by 2030 and establishing it as a top-tier global city. The project aligns with the Regional Headquarters Programme, which requires multinational corporations to establish Saudi-based operations, driving demand for premium commercial and residential space. The development also supports Saudi Arabia’s tourism diversification and real estate investment targets.