New Murabba Announces SAR 1 billion Investment Partnership with Almana Medical Group to Develop a General Hospital in Riyadh’s Modern Downtown‌

New Murabba, a Public Investment Fund company and the master developer of Riyadh’s modern downtown, announced an investment partnership with Almana Medical Group for the development of a general hospital within the destination. The project represents a total planned investment of approximately SAR 1 billion, underscoring strong investor confidence in New Murabba's vision and its ability to attract strategic partners that contribute to the delivery of world-class community infrastructure.

The project site spans over 16,000 square meters and is located near Prince Turki bin Abdulaziz Al Awal Road, offering convenient access within one of New Murabba’s mixed-use districts. The hospital is planned as a key community asset, integrated within the surrounding residential, commercial, and pedestrian network.
The planned hospital is expected to include 200 beds and offer a broad range of healthcare services, from emergency and trauma care to family medicine, pediatrics, neonatal care, orthopedics, cardiology, neurosciences, and other key specialties. The development aligns with Saudi Arabia's healthcare transformation agenda and broader Quality of Life objectives by expanding access to advanced healthcare services within a future-ready urban environment.

As a new model for destination-making and urban living, New Murabba is being developed to accommodate more than 280,000 residents, creating vibrant and integrated neighborhoods supported by innovative urban planning, architectural excellence, and a comprehensive network of community services that enhance quality of life and contribute to Riyadh's future growth. The planned hospital is one of several healthcare, education, and community assets being developed across the destination and will play an important role in serving the needs of New Murabba's future resident population.
This investment partnership represents the first investment package activated within New Murabba's masterplan, demonstrating tangible market engagement and investor confidence in the destination's long-term vision and growth potential. It marks an important milestone in transforming the masterplan into investable and revenue-generating opportunities while creating pathways for future strategic partnerships and joint ventures.

Almana Medical Group is a well-established healthcare provider in the Kingdom, with extensive experience in developing and operating hospitals and medical facilities. Its involvement brings proven operational expertise and will support the delivery of high-quality healthcare services, further contributing to quality of life and the development of a well-serviced, livable destination.
Healthcare is a core component of New Murabba’s masterplan, supporting the development of integrated neighborhoods designed around the 15-minute community concept, where residents can access essential services and amenities within a short walk or ride. In this context, the development of a hospital is not only an infrastructure milestone, but also an important step in delivering a healthier, more connected, and more people-centric urban environment.

Eng. Sabah Barakat, Acting CEO of New Murabba, said: “This agreement marks a significant milestone in the realization of New Murabba's vision and reflects the confidence that strategic investors continue to place in the destination. As one of the first investment packages activated through our masterplan, this SAR 1 billion hospital development demonstrates our ability to attract leading partners and transform our vision into tangible, investable assets. The hospital will play a vital role within a broader ecosystem of community services designed to support the future residents and visitors of the destination while contributing to Saudi Arabia's healthcare transformation ambitions and quality of life goals. This investment partnership is the first of many intended partnership deals that we plan to announce in the coming months as we move from the planning phase of the project into the execution phase.”
Professor Awad Al-Omari, Chief Executive Officer of Almana Medical Group, said: “The Group’s investment in New Murabba represents a strategic healthcare investment that goes far beyond the traditional concept of real estate development.” He expressed the Group’s pride in being among the early investors in New Murabba and among the first partners contributing to bringing its ambitious vision to life.

Professor Al-Omari emphasized that Almana Medical Group is not merely investing in land, but investing in a vision, the vision of His Royal Highness Crown Prince Mohammed bin Salman, and in the future of Riyadh. He noted that the Group’s healthcare investment in New Murabba, valued at approximately SAR 1 billion, reflects its strong belief in the future of this destination and its confidence in the extraordinary transformation taking place across the capital.

He further highlighted the remarkable achievements delivered under Saudi Vision in recent years, with major ambitions and transformational projects becoming a tangible reality. He reaffirmed Almana Medical Group’s pride in being among the early investors in New Murabba and in contributing to this transformation by investing in the Kingdom’s future with confidence and ambition that match the scale of its vision.

Professor Al-Omari also noted that quality of life will be at the heart of this healthcare investment, through the development of an advanced model of care that places people and the patient experience at the center of the healthcare ecosystem. The hospital will leverage artificial intelligence, advanced medical technologies, and digital solutions to deliver care that is more precise, efficient, and proactive.

He emphasized that the Group’s ambition extends beyond the development of a conventional healthcare facility. Rather, Almana Medical Group aims to establish a future-focused model of healthcare that is fully aligned with New Murabba’s quality-of-life proposition, integrating artificial intelligence, world-class medical technologies, and an end-to-end healthcare experience that supports Riyadh’s ambition to become one of the world’s leading cities in which to live, work, and invest.

In closing, Professor Al-Omari reaffirmed the Group’s ambition for its presence in New Murabba to serve as a model for the future of healthcare in the Kingdom and a landmark healthcare investment that reflects the aspirations of Riyadh’s remarkable transformation.”

This partnership forms part of New Murabba's broader efforts to create a world-class urban destination that enhances quality of life through integrated social infrastructure, accessible community services, and strategic partnerships that support sustainable growth, investment, and long-term value creation.