Riyadh, Saudi Arabia – 31 Jan 2025 – New Murabba, a PIF company, proudly participated in the Real Estate Future Forum, which was held in Riyadh from January 27 to 29. As a forward-thinking player in the real estate industry, New Murabba is dedicated to capitalizing on opportunities and staying at the forefront of industry trends. The company actively engaged with key stakeholders across the real estate spectrum, including industry leaders, investors, and developers, while sharing its ambitious vision for sustainable growth in the sector.

Reinforcing its commitment to innovation, CEO Michael Dyke led a compelling fireside chat on Day 3 of the Forum, titled "New Murabba: An Icon of Innovation in Riyadh." Mr. Dyke articulated New Murabba's strategic vision to redefine urban living, highlighting its role as a catalyst for economic growth and its contribution to the realization of Saudi Arabia's Vision 2030.

New Murabba will encompass 27 million square meters of premium real estate assets distributed across 18 communities, with an estimated population exceeding 400,000. The destination will serve as a model for urban planning, boasting seamless transportation and sustainable infrastructure. Furthermore, it will accommodate over 100,000 residential units, 9,000 hotel rooms, and 500,000 square meters of retail space. Additionally, it will feature various entertainment venues, educational institutions, healthcare facilities, and a 45,000-seat stadium. With world-class amenities, state-of-the-art schools and healthcare facilities, and seamless integration with the broader Riyadh metropolitan area, it provides unmatched convenience.

"The Real Estate Future Forum provides an invaluable platform for New Murabba to engage with key ministries and strategic partners in both the government and private sectors," said Michael Dyke, CEO of New Murabba. "These collaborations are essential to driving innovation and ensuring the real estate sector plays a pivotal role in the economic development of the Kingdom. We are committed to building a destination that will transform the urban landscape while creating lasting value for the people of Saudi Arabia."

This commitment to progress is exemplified by the recent milestone achieved in the construction of The Mukaab.  New Murabba has successfully completed 13.5 million cubic meters of excavation while achieving 4.6 million safe hours without lost time incidents. This achievement enables the start of permanent works for The Mukaab, ensuring the groundwork is set for the next phase of construction.

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