Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target | Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target |

The Mukaab

A 400-metre cube-shaped structure planned as the centrepiece of the New Murabba development in Riyadh, designed to be the world's largest building by volume.

The Mukaab — Encyclopedia | Saudi Vision 2030

Definition

The Mukaab (Arabic: “the cube”) is a planned 400-metre-tall, 400-metre-wide, 400-metre-deep cube-shaped mega-structure in the al-Qirawan district of northwestern Riyadh, Saudi Arabia. Announced in February 2023 by Crown Prince Mohammed bin Salman, it is the anchor landmark of the New Murabba development and would be the largest building in the world by volume if completed. Construction was suspended in January 2026 amid a broader recalibration of PIF giga-project spending.

Overview

The Mukaab is designed to contain approximately 2 million square metres of interior floor space across hotel, residential, retail, entertainment, and cultural uses. Its interior concept features a 300-metre spiral ziggurat tower and the world’s largest AI-powered immersive dome display. The design draws on Najdi architectural traditions and is developed by AtkinsRealis, with AECOM and Jacobs appointed for detailed engineering. The project is owned by New Murabba Development Company (NMDC), a wholly-owned subsidiary of the Public Investment Fund.

Excavation reached 86 per cent completion before the January 2026 suspension, with over 10 million cubic metres of earth moved. The original 2030 completion target has been revised to approximately 2040. The structure’s unprecedented scale presents unresolved engineering challenges in structural integrity, climate control, water supply, and immersive display technology.

Key Facts

FactDetail
Dimensions400m x 400m x 400m
Interior floor area2 million sqm (22 million sqft)
Structural steel1 million tonnes
Estimated cost$50 billion+ (full New Murabba district)
DeveloperNew Murabba Development Company (PIF)
ArchitectAtkinsRealis (concept), AECOM and Jacobs (detailed design)
Construction managerParsons Corporation
Announced16 February 2023
Construction suspended28 January 2026
Revised completion~2040
GDP contribution (projected)SAR 180 billion ($48 billion)
Jobs (projected)334,000

Role in Vision 2030

The Mukaab was conceived as a signature expression of Saudi Arabia’s ambition to transform Riyadh into a top-tier global city and establish the Kingdom as a destination for tourism, entertainment, and technology-driven experiences. Its suspension is part of a wider recalibration of Vision 2030 giga-projects, as the Kingdom shifts from announcement-phase ambition to delivery-focused execution prioritising Expo 2030, the 2034 FIFA World Cup, and AI infrastructure investments.

For a full analysis of The Mukaab’s suspension and its implications, see The Mukaab: Inside Saudi Arabia’s $50 Billion Cube and Why It Was Suspended.