Riyadh, January 31, 2025 — New Murabba, one of the companies of the Public Investment Fund, continued to cement its position as one of the leading players in the Saudi real estate sector through its participation in the Future of Real Estate Forum held in Riyadh. The participation is part of the company's commitment to adopting the latest trends in urban development and capitalizing on strategic opportunities, contributing to the achievement of Saudi Vision 2030's goals.

During the forum, New Murabba was prominently present, strengthening cooperation with various stakeholders in the real estate sector, from investors and developers to industry leaders, with discussions centering on mechanisms for achieving sustainable growth and boosting innovation in urban planning.

New Murabba: An Icon of Innovation in Riyadh

Michael Dyke, CEO of New Murabba, took part in a distinguished panel discussion titled "New Murabba: An Icon of Innovation in Riyadh" on the forum's third day. During the session, he outlined the company's strategic vision, which aims to redefine the concept of urban life by developing integrated communities based on the latest concepts in sustainability and smart urban planning.

A Global Urban Destination With Exceptional Standards

New Murabba spans 27 million square meters, comprising 18 integrated urban communities that will be home to around 400,000 people, making it a leading model of advanced urban planning. The project includes:

  • 100,000 residential units
  • 9,000 hotel rooms
  • 50,000 square meters of retail space
  • Advanced entertainment, educational and healthcare facilities
  • A sports stadium with a capacity of 45,000 seats
  • An integrated transport network connected to the Riyadh Metro

The project aims to deliver a unique urban experience by adopting seamless mobility concepts and boosting sustainable infrastructure, making it a global center for innovation and investment and an ideal destination to live, work and enjoy leisure.