During the illustrious MIPIM 2024 gathering in Cannes, France, a prominent event for global property development leaders, the New Murabba Development Company made a significant impact with its forward-thinking plan for urban transformation. They announced their preparedness to forge partnerships with international investors.
At the helm, New Murabba CEO Michael Dyke emphasized the wealth of investment possibilities for those looking to join the 19 square kilometer mixed-use project poised to redefine Riyadh’s downtown area.
With substantial progress already made, New Murabba has excavated nearly 4 million cubic meters in preparation for Mukaab, the development’s centerpiece cubic structure, demonstrating their commitment to creating an appealing investment landscape.
Engagement at the Invest Saudi panel discussions paralleled the company’s active presence at MIPIM, where Development Director Thomas Haag presented the project’s unique appeal. In a panel titled Redefining Urban Futures: New Murabba Downtown Development and the Evolution of Master-planning in Saudi Arabia, Haag outlined the project’s distinctive value.
Senior Director Giancarlo Filartiga spoke on the significant impact of Saudi Arabia’s mega-projects on the national economy, particularly in relation to Vision 2030, during a panel called How the Saudi Giga destinations are Contributing to KSA’s Economic Landscape and the Realization of Vision 2030.
Aligned with the Vision 2030 goals, New Murabba stands as a strategic initiative to diversify the Saudi economy. CEO Dyke remarked on the exceptional investment openings for global entities interested in emerging markets, and the strategic advantage for early investors in a fast-growing economic setting.
With its participation in MIPIM 2024, New Murabba reaffirms its dedication to leading the charge in Riyadh’s urban evolution, inviting global investors to partake in crafting a prosperous and sustainable urban future.