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Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |Non-Oil GDP Share: 55% 2025 real GDP |Saudi Unemployment: 7.2% Q4 2025 |PIF AUM: $925B 2025 approx. |FDI Share of GDP: 2.8% 2025 latest |Female Participation: 35.0% 2025 latest |Credit Rating: Aa3/A+/A+ Moody's/Fitch/S&P |GDP Growth: 4.5% 2025 actual |Umrah Pilgrims: 18M+ 2025 foreign |

New-Murabba

New Murabba and The Mukaab: downtown Riyadh cost, design, timeline, and risk

New Murabba is PIF's planned downtown Riyadh district around The Mukaab. This brief separates official scale, cost claims, timeline, and delivery risk.

Updated May 26, 2026

The Mukaab: Saudi Arabia's $50 Billion Cube That Built Nothing

A 400-metre cube that could fit 20 Empire State Buildings. A $50 billion budget. $100 million in contracts actually awarded. Construction suspended in January 2026. Completion pushed from 2030 to 2040. The full audit of Saudi Arabia's most ambitious vanity project.

Updated Apr 18, 2026

New Murabba

A 19-square-kilometre mixed-use megaproject in northwestern Riyadh developed by PIF, anchored by The Mukaab landmark cube structure. Updated for 2026.

Updated Apr 18, 2026

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.

Updated Apr 18, 2026

The Mukaab: Inside Saudi Arabia's $50 Billion Cube and Why It Was Suspended

The definitive analysis of The Mukaab — the 400-metre cube at the centre of Saudi Arabia's New Murabba megaproject. Why construction was suspended, what it signals for Vision 2030, and what comes next for the world's most ambitious building.

Updated Apr 18, 2026