Under Construction

New Murabba

New Murabba is a roughly $50 billion downtown district rising across some 19 square kilometres of northwest Riyadh, Saudi Arabia, at the intersection of King Salman and King Khalid roads.

Official Website
TMW IntelligenceVerified Oct 13, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2024
Start
2040
Completion
9000
Keys
104000
Units
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Details

104000 residences and 9000 hotel keys. Broke ground 2024, completing 2040.

The story so far
Announced Feb 16, 2023Crown Prince launches New Murabba: the Public Investment Fund unveiled New Murabba Development Company to build a 19-square-kilometre downtown northwest of central Riyadh, anchored by the 400-metre Mukaab cube at the intersection of King Salman and King Khalid roads.
pif.gov.sa
Broke ground 2024
Arup to design New Murabba Stadium Jul 2025New Murabba awarded Arup the design, advisory and planning contract for a 45,000-seat, Acacia-inspired stadium inside the district, targeted for completion by 2032 as a FIFA World Cup 2034 venue, per The Stadium Business, Argaam and World Construction Network.
thestadiumbusiness.com
Mukaab work suspended Jan 2026Saudi Arabia paused construction on the 400-metre cube at the heart of New Murabba while it reassesses the financing and feasibility of its giga-projects, pushing the wider district's completion horizon from 2030 to 2040 even as the residential and commercial phases continue.
arabnews.com
Mukaab returns to market Jun 2026with excavation and piling complete, New Murabba approached contractors to build the cube's towers, podiums, basement, rooftop and public realm, with contractor selection expected in 2027, months after work was paused for a feasibility review, per MEED, Construction Week Saudi and Enterprise
meed.com
New Murabba replaces its chief executive Aug 2026PIF executive Sabah Barakat, also acting group CEO of ROSHN, was named acting CEO of New Murabba Development Company in place of Michael Dyke as Saudi Arabia reassesses the pace and scale of its giga-projects, per AGBI, Construction Week and Zawya.
agbi.com
First investment package activated Aug 26, 2026New Murabba and Almana Medical Group committed roughly SAR1 billion to a 200-bed general hospital on a 16,000-square-metre site near Prince Turki bin Abdulaziz Al Awal Road, the first package triggered under the masterplan and the district's move into execution.
newmurabba.com
Under construction
Expected opening 2040
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The Riyadh market 99 · Saturated supplyNorthwest Riyadh 26-project pipeline · 117,710 residences and keys · peak Late ’27 Explore the market →
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About the project

New Murabba is a roughly $50 billion downtown district rising across some 19 square kilometres of northwest Riyadh, Saudi Arabia, at the intersection of King Salman and King Khalid roads. Developed by the Public Investment Fund's New Murabba Development Company with masterplanning by AECOM, the mixed-use district is planned around 18 walkable neighbourhoods with around 104,000 residences, some 9,000 hotel rooms, offices, retail, a museum, a technology and design university, an immersive theatre and extensive green public realm. Its signature landmark is the Mukaab, a 400-metre cube conceived as one of the world's largest built structures, wrapping around two million square metres of retail, residential, hotel and digital-experience space around a vast interior atrium. The district will also host the 45,000-seat New Murabba Stadium, designed by Arup as a FIFA World Cup 2034 venue, and a 200-bed general hospital developed with Almana Medical Group, anchoring a car-lite urban quarter aligned with Saudi Vision 2030.

Developer & design
Common questions

Frequently asked

Where is New Murabba located?

New Murabba is located in Riyadh.

When will New Murabba be completed?

New Murabba is under construction, with completion expected in 2040.

Who is developing New Murabba?

New Murabba Development Company is the developer behind New Murabba.

Who designed New Murabba?

New Murabba was designed by AECOM.

How big is New Murabba?

New Murabba features 104000 residences and 9000 hotel keys.