The downtown will be completed in 2030 and is expected to generate 180 billion Saudi Riyals ($48.6 billion) to non-oil GDP. The project is also expected to create 334,000 direct and indirect jobs.
The project will cover an area of 19 square km to accommodate hundreds of thousands of residents. It will feature an iconic museum, a technology and design university, an immersive multipurpose theater, and more than 80 entertainment and culture venues.
The New Murabba project will have its own internal transport system and will be approximately a 20-minute drive from the airport.
NMDC will develop the project and build the “Mukaab,” a Najdi-inspired landmark showcasing the latest innovative technologies in one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long.
NMDC will develop the project and build the “Mukaab,” a Najdi-inspired landmark showcasing the latest innovative technologies in one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long.
The establishment of the New Murabba Development Company is one project of the Public Investment Fund, Saudi Arabia’s sovereign wealth fund, to unlock the capabilities of promising sectors, and diversify sources of income for the oil-dependent Saudi economy.
According to businessinsider/ zawya
