Artificial Intelligence
Builders Company
Developers/New Murabba
NM
New MurabbaRiyadh, Saudi Arabia · founded 2022 · 1 active markets
SUBSIDIARY
newmurabba.com

New Murabba develops a mixed-use downtown in Riyadh for residents, workers, visitors, and investors. Its masterplan combines homes, hospitality, retail, offices, leisure, culture, community facilities, infrastructure, and immersive experiences, anchored by The Mukaab, guided by sustainability, technology, and Vision 2030.

Years in business
4
founded 2022
LinkedIn headcount
1,104
employees, as shown on LinkedIn · size band 201–500
Projects last researched October 8, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
New Murabba Development Company1
Headquarters
King Salman Rd1, Riyadh1, Saudi Arabia
Founded
20221
Entity type
SUBSIDIARY1
Business model
masterplan1, mixed use1
Markets
1 market listed
What they build
Office (1 of 1)
Full dossier in About →

Delivery record

0 date-assessed of 1 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
1
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.
Projects and timelines in Track Record →

Awards & recognition

All awards →

Risks & source coverage

  • DELIVERY DELAY 2026-01-27 Reuters reported on January 27, 2026 that planned construction of The Mukaab, the centrepiece of New Murabba, was suspended beyond soil excavation and piling while financing and feasibility were reassessed; sources said the surrounding real-estate development was expected to continue, so this documents a material delay/suspension rather than a confirmed cancellation of New Murabba as a whole.
  • DELIVERY DELAY Published October 6, 2025; status researched as of October 8, 2026 New Murabba Development Company’s Riyadh district was originally targeted for completion by 2030, but executives reported that full completion would extend to 2040, with only phase one expected by the end of this decade; this is a revised commitment, not evidence that the entire project has been abandoned.
  • DELIVERY DELAY Reported January 27, 2026; status researched as of October 8, 2026 Construction of The Mukaab, the New Murabba Development Company’s planned Riyadh centrepiece, was reported suspended beyond soil excavation and piling while financing and feasibility were reassessed; the surrounding New Murabba real estate was expected to continue, and no cancellation was reported.
Record status
active
Company sources
135 source entries across 96 fields
Projects tracked
1 · 1 completed in assessment
All flags and sources →

Track Record

Delivery record

0 date-assessed of 1 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
1
within the rolling ten-year window
Median delay
—
the middle of no scored projects
Average delay
—
the same projects, pulled by the worst
Average time to deliver
—
no delivered projects with a dated start — needs 3
Worst slip
—
0
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

Not enough info yet.

Construction start to handover

1 of 1 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Riyadh, Saudi Arabia
20262027todayRIYADH, SAUDI ARABIAcompleted, no target published
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

About

Company dossier

Legal name
New Murabba Development Company
Headquarters
King Salman Rd, Riyadh, Saudi Arabia
Al Qirawan
Founded
2022
Entity type
SUBSIDIARY
Revenue
not published
Business model
masterplan, mixed use

Partners

6 partners
Turner Arabia
contractor

Project management services for The Mukaab.

Bechtel
contractor

Project management services for the masterplan and site-wide infrastructure.

HSSG Foundation Contracting LLC
contractor

Piling works for The Mukaab.

STC Group
partner

Communications and information-technology infrastructure, including IoT, AI, cloud services, and cybersecurity.

Heerim Architects & Planners
partner

Architectural overlays complementing the master plan, especially anchor assets, linear parks, and smart-city features.

AECOM–Jacobs joint venture
joint venture

Advancing design across The Mukaab and its surrounding ecosystem.

Sources: name

COMPANY2023-09-03

Agreement with Turner Arabia to Manage The Mukaab | New Murabba

New Murabba
New Murabba signed an agreement with Turner Arabia to provide project management services for The Mukaab.
value seen: Turner Arabia
https://newmurabba.com/en/media/new-murabba-agreement-turner-arabia-project-management-mukaab/

Sources: partner type

COMPANY2023-09-03

Agreement with Turner Arabia to Manage The Mukaab | New Murabba

New Murabba
New Murabba signed an agreement with Turner Arabia to provide project management services for The Mukaab.
value seen: CONTRACTOR
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-agreement-turner-arabia-project-management-mukaab/

Sources: summary

COMPANY2023-09-03

Agreement with Turner Arabia to Manage The Mukaab | New Murabba

New Murabba
New Murabba signed an agreement with Turner Arabia to provide project management services for The Mukaab.
value seen: Project management services for The Mukaab.
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-agreement-turner-arabia-project-management-mukaab/

Sources: name

COMPANY2023-08-27

Bechtel Appointed to Deliver Project Management | New Murabba

New Murabba
New Murabba Signed An Agreement with Bechtel to Provide Project Management Services for The Masterplan and Site-Wide Infrastructure
value seen: Bechtel
https://newmurabba.com/media/new-murabba-bechtel-pact-masterplan-infrastructure

Sources: partner type

COMPANY2023-08-27

Bechtel Appointed to Deliver Project Management | New Murabba

New Murabba
New Murabba Signed An Agreement with Bechtel to Provide Project Management Services for The Masterplan and Site-Wide Infrastructure
value seen: CONTRACTOR
value paraphrased from this source
https://newmurabba.com/media/new-murabba-bechtel-pact-masterplan-infrastructure

Sources: summary

COMPANY2023-08-27

Bechtel Appointed to Deliver Project Management | New Murabba

New Murabba
New Murabba Signed An Agreement with Bechtel to Provide Project Management Services for The Masterplan and Site-Wide Infrastructure
value seen: Project management services for the masterplan and site-wide infrastructure.
value paraphrased from this source
https://newmurabba.com/media/new-murabba-bechtel-pact-masterplan-infrastructure

Sources: name

COMPANY2024-05-23

New Murabba’s Mukaab Project Signs Landmark Piling Contract with HSSG

New Murabba
the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC
value seen: HSSG Foundation Contracting LLC
https://newmurabba.com/en/media/new-murabba-signs-piling-contract-hssg-mukaab-project-riyadh/

Sources: partner type

COMPANY2024-05-23

New Murabba’s Mukaab Project Signs Landmark Piling Contract with HSSG

New Murabba
the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC
value seen: CONTRACTOR
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-signs-piling-contract-hssg-mukaab-project-riyadh/

Sources: summary

COMPANY2024-05-23

New Murabba’s Mukaab Project Signs Landmark Piling Contract with HSSG

New Murabba
the signing of the Mukaab Piling Works Contract with HSSG Foundation Contracting LLC
value seen: Piling works for The Mukaab.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-signs-piling-contract-hssg-mukaab-project-riyadh/

Sources: name

COMPANY2024-09-11

Partnership with STC Group for Digital Transformation | New Murabba

New Murabba
has signed a strategic partnership agreement with New Murabba to enhance and facilitate the implementation of advanced communications and information technology at New Murabba.
value seen: STC Group
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/media/new-murabba-strategic-patnership-with-stc-group/

Sources: partner type

COMPANY2024-09-11

Partnership with STC Group for Digital Transformation | New Murabba

New Murabba
has signed a strategic partnership agreement with New Murabba to enhance and facilitate the implementation of advanced communications and information technology at New Murabba.
value seen: OTHER
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-strategic-patnership-with-stc-group/

Sources: summary

COMPANY2024-09-11

Partnership with STC Group for Digital Transformation | New Murabba

New Murabba
This strategic alliance covers the potential implementation of all communications and information technology infrastructure projects. It also includes utilizing STC Group’s diverse and innovative digital solutions... These solutions will encompass key elements such as the Internet of Things, artificial intelligence, cloud services, and cybersecurity.
value seen: Communications and information-technology infrastructure, including IoT, AI, cloud services, and cybersecurity.
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/media/new-murabba-strategic-patnership-with-stc-group/

Sources: name

COMPANY2025-07-08

New Murabba Partnership with Korea’s Heerim for Urban Innovation | New Murabba

New Murabba
has signed a memorandum of understanding (MoU) with Heerim Architects & Planners to explore innovative and distinctive architectural overlays that complement the development’s master plan
value seen: Heerim Architects & Planners
https://newmurabba.com/en/media/new-murabba-partners-with-korea-heerim-on-architectural-design/

Sources: partner type

COMPANY2025-07-08

New Murabba Partnership with Korea’s Heerim for Urban Innovation | New Murabba

New Murabba
has signed a memorandum of understanding (MoU) with Heerim Architects & Planners
value seen: OTHER
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-partners-with-korea-heerim-on-architectural-design/

Sources: summary

COMPANY2025-07-08

New Murabba Partnership with Korea’s Heerim for Urban Innovation | New Murabba

New Murabba
...architectural overlays that complement the development’s master plan, with special emphasis on anchor assets, linear parks, and smart city features.
value seen: Architectural overlays complementing the master plan, especially anchor assets, linear parks, and smart-city features.
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/media/new-murabba-partners-with-korea-heerim-on-architectural-design/

Sources: name

COMPANY2026-01-22

New Murabba hosts global industry leaders in Riyadh as 2026 begins with strong momentum

New Murabba
New Murabba has highlighted the role of the AECOM–Jacobs joint venture in advancing design across The Mukaab and its surrounding ecosystem.
value seen: AECOM–Jacobs joint venture
https://newmurabba.com/en/media/new-murabba-hosts-global-industry-leaders-in-riyadh-as-2026-begins-with-strong-momentum/

Sources: partner type

COMPANY2026-01-22

New Murabba hosts global industry leaders in Riyadh as 2026 begins with strong momentum

New Murabba
New Murabba has highlighted the role of the AECOM–Jacobs joint venture in advancing design across The Mukaab and its surrounding ecosystem.
value seen: JV_PARTNER
value paraphrased from this source
https://newmurabba.com/en/media/new-murabba-hosts-global-industry-leaders-in-riyadh-as-2026-begins-with-strong-momentum/

Sources: summary

COMPANY2026-01-22

New Murabba hosts global industry leaders in Riyadh as 2026 begins with strong momentum

New Murabba
New Murabba has highlighted the role of the AECOM–Jacobs joint venture in advancing design across The Mukaab and its surrounding ecosystem.
value seen: Advancing design across The Mukaab and its surrounding ecosystem.
https://newmurabba.com/en/media/new-murabba-hosts-global-industry-leaders-in-riyadh-as-2026-begins-with-strong-momentum/

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Saudi Arabiaactive 1 project tracked

What they build

1 type
Office1 of 1
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
MB
Mohammed bin Salman bin Abdulaziz Al Saud
He is the chairman of New Murabba’s board and the Crown Prince and Prime Minister of Saudi Arabia. New Murabba is a PIF subsidiary, so his role is at the top of the company’s documented governance structure.
Current title
Chairman of the Board
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
ChairmanCrown PrincePrime Minister

Sources: full name

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
H.R.H. Prince Mohammed bin Salman bin Abdulaziz AlSaud, Crown Prince and Prime Minister
value seen: Mohammed bin Salman bin Abdulaziz Al Saud
https://newmurabba.com/en/about-us/board-of-directors/

Sources: role type

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Chairman of The Board
value seen: CHAIR
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: summary

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
H.R.H. Prince Mohammed bin Salman bin Abdulaziz AlSaud, Crown Prince and Prime Minister — Chairman of The Board
value seen: He is the chairman of New Murabba’s board and the Crown Prince and Prime Minister of Saudi Arabia. New Murabba is a PIF subsidiary, so his role is at the top of the company’s documented governance structure.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: tags

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Chairman of The Board
value seen: Chairman
https://newmurabba.com/en/about-us/board-of-directors/
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Crown Prince and Prime Minister
value seen: Crown Prince
https://newmurabba.com/en/about-us/board-of-directors/
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Crown Prince and Prime Minister
value seen: Prime Minister
https://newmurabba.com/en/about-us/board-of-directors/

Sources: title

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Chairman of The Board
value seen: Chairman of the Board
https://newmurabba.com/en/about-us/board-of-directors/
SB
Sabah Barakat
As of the research date, Sabah Barakat is the acting CEO. The company describes him as a PIF senior executive with more than 35 years in real estate development, urban transformation and strategic investment; independent reporting says he succeeded Michael Dyke and also acts as group CEO of ROSHN.
Current title
Acting Chief Executive Officer
Experience
35+ years executive leadership
Companies before
ROSHN Group
Education
City University LondonMBA in Engineering Management
Queen Mary College, University of LondonBSc in Civil Engineering
Other boards
Board positions across PIF portfolio companies
Known for
Acting CEOPIF senior executiveROSHN Group
https://linkedin.com/in/sabah-barakat-97898944

Sources: education

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
He holds an MBA in Engineering Management from City University London
value seen: City University London
https://newmurabba.com/en/about-us/executive-management/

Sources: education

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
a BSc in Civil Engineering from Queen Mary College, University of London
value seen: Queen Mary College, University of London
https://newmurabba.com/en/about-us/executive-management/

Sources: full name

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Eng. Sabah Barakat
value seen: Sabah Barakat
https://newmurabba.com/en/about-us/executive-management/

Sources: linkedin page

SOCIALdate not shown in source

Sabah Barakat

LinkedIn
# Sabah Barakat Senior Director, PIF
value seen: https://linkedin.com/in/sabah-barakat-97898944
https://linkedin.com/in/sabah-barakat-97898944

Sources: other boards

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Sabah holds board positions across a number of the fund's portfolio companies.
value seen: Board positions across PIF portfolio companies
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/executive-management/

Sources: previous companies

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
His experience includes leading ROSHN Group as Acting Group Chief Executive Officer
value seen: ROSHN Group
https://newmurabba.com/en/about-us/executive-management/

Sources: role type

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Acting Chief Executive Officer
value seen: CEO
value paraphrased from this source
https://newmurabba.com/en/about-us/executive-management/

Sources: summary

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Eng. Sabah Barakat serves as Acting Chief Executive Officer of New Murabba, with over 35 years of executive leadership in large-scale real estate development, urban transformation and strategic investment.
value seen: As of the research date, Sabah Barakat is the acting CEO. The company describes him as a PIF senior executive with more than 35 years in real estate development, urban transformation and strategic investment; independent reporting says he succeeded Michael Dyke and also acts as group CEO of ROSHN.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://newmurabba.com/en/about-us/executive-management/

Sources: tags

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
His experience includes leading ROSHN Group as Acting Group Chief Executive Officer
value seen: ROSHN Group
https://newmurabba.com/en/about-us/executive-management/
COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Acting Chief Executive Officer
value seen: Acting CEO
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/executive-management/
COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
with over 35 years of executive leadership in large-scale real estate development, urban transformation and strategic investment
value seen: 35+ years executive leadership
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/executive-management/
COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
A senior executive within the Public Investment Fund
value seen: PIF senior executive
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/executive-management/

Sources: title

COMPANYdate not shown in source

Meet the CEO & Executive Management

New Murabba
Acting Chief Executive Officer
value seen: Acting Chief Executive Officer
https://newmurabba.com/en/about-us/executive-management/
FB
Faisal bin Abdulaziz bin Ayyaf
He is a New Murabba board member and chairs its Executive Committee. He is also Mayor of Riyadh and an urban-planning specialist whose documented education spans King Saud University, Columbia, Harvard and Berkeley.
Current title
Board Member; Executive Committee Chairman
Experience
no career length stated
Companies before
Royal Commission for Riyadh CitySkidmore, Owings & MerrillMoriyama and Teshima Urban Planning Bureau
Education
University of California, BerkeleyPhD in planning and management of cities and regions
Harvard UniversityMaster of Urban Planning and Management
Columbia UniversityMaster of Architecture and Urban Design
King Saud UniversityBachelor of Architecture and Building Sciences
Other boards
Riyadh Holding CompanyRiyadh Development Company
Known for
Board MemberExecutive Committee ChairmanMayor of RiyadhUrban planningHarvard

Sources: education

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
University of California, Berkeley PhD in planning and management of cities and regions
value seen: University of California, Berkeley
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: education

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Harvard University Master of Urban Planning and Management
value seen: Harvard University
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: education

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Columbia University Master of Architecture and Urban Design
value seen: Columbia University
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: education

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
King Saud University Bachelor of Architecture and Building Sciences
value seen: King Saud University
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: full name

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Prince Faisal bin Abdulaziz bin Ayyaf
value seen: Faisal bin Abdulaziz bin Ayyaf
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: other boards

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Chairman of the Board of DirectorsRiyadh Holding Company
value seen: Riyadh Holding Company
value paraphrased from this source
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Chairman of the Board of DirectorsRiyadh Development Company
value seen: Riyadh Development Company
value paraphrased from this source
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: previous companies

REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Royal Commission for Riyadh City
value seen: Royal Commission for Riyadh City
value paraphrased from this source
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Skidmore, Owings & Merrill
value seen: Skidmore, Owings & Merrill
value paraphrased from this source
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
REGULATORdate not shown in source

Secretariat Leaders

Riyadh Municipality
Moriyama and Teshima Urban Planning Bureau
value seen: Moriyama and Teshima Urban Planning Bureau
value paraphrased from this source
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: role type

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Committee Chairman - Board Member
value seen: BOARD_MEMBER
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: summary

COMPANYdate not shown in source

H.H. Prince Dr. Faisal bin Ayyaf, Visited the Headquarters of New Murabba Development Company

New Murabba
His Highness Prince Dr. Faisal bin Abdulaziz bin Ayyaf, Mayor of Riyadh, New Murabba’s Committee Chairman- Board Member, visited today...
value seen: He is a New Murabba board member and chairs its Executive Committee. He is also Mayor of Riyadh and an urban-planning specialist whose documented education spans King Saud University, Columbia, Harvard and Berkeley.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://newmurabba.com/en/media/prince-dr-faisal-bin-ayyaf-visited-the-headquarters-of-new-murabba-development-company/

Sources: tags

COMPANYdate not shown in source

Secretariat Leaders

Riyadh Municipality
Master of Architecture and Urban DesignColumbia University 2014
value seen: Columbia
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Committee Chairman - Board Member
value seen: Board Member
https://newmurabba.com/en/about-us/board-of-directors/
COMPANYdate not shown in source

Secretariat Leaders

Riyadh Municipality
Mayor of Riyadh Region
value seen: Mayor of Riyadh
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
COMPANYdate not shown in source

Secretariat Leaders

Riyadh Municipality
Master of Urban Planning and ManagementHarvard University 2016
value seen: Harvard
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Committee Chairman - Board Member
value seen: Executive Committee Chairman
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
COMPANYdate not shown in source

Secretariat Leaders

Riyadh Municipality
A specialized in city planning and management
value seen: Urban planning
held out of the figures · the quote does not carry this value
https://www.alriyadh.gov.sa/en/organization-structure/prince-faisal-bin-abdulaziz-bin-ayyaf

Sources: title

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Committee Chairman - Board Member
value seen: Board Member; Executive Committee Chairman
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
IB
Ibrahim bin Mohammed Al-Sultan
He is a New Murabba independent board member and the acting CEO of the Royal Commission for Riyadh City. His public profile records a long Riyadh-planning and infrastructure career, beginning with engineering roles and extending to ministerial and multiple development-board responsibilities.
Current title
Board Member
Experience
no career length stated
Companies before
Saudi Real Estate CompanyRoyal Commission for Riyadh CityRoyal Court
Education
King Fahd University of Petroleum and MineralsBachelor’s degree in Civil Engineering
Other boards
Royal Commission for Riyadh CityRoyal Commission for AlUlaQiddiya Investment CompanySaudi Downtown CompanyROSHN
Known for
Board MemberActing CEO, RCRCMinister of StateCivil engineer

Sources: education

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Bachelor’s degree in Civil Engineering, King Fahd University of Petroleum and Minerals (1978).
value seen: King Fahd University of Petroleum and Minerals
https://www.rcrc.gov.sa/en/ceo/

Sources: full name

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Ibrahim bin Mohammed Al-Sultan
value seen: Ibrahim bin Mohammed Al-Sultan
https://www.rcrc.gov.sa/en/ceo/

Sources: other boards

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Member of the Board of Directors of Royal Commission for Riyadh City
value seen: Royal Commission for Riyadh City
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Member of the Board of Directors of Royal Commission for AlUla
value seen: Royal Commission for AlUla
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Member of the Board of Directors of Qiddiya Investment Company
value seen: Qiddiya Investment Company
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Member of the Board of Directors of Saudi Downtown Company
value seen: Saudi Downtown Company
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Member of the Board of Directors of ROSHN
value seen: ROSHN
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/

Sources: previous companies

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
worked as a project engineer at the Saudi Real Estate Company in 1978
value seen: Saudi Real Estate Company
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
worked at the Royal Commission / High Commission for the Development of Riyadh
value seen: Royal Commission for Riyadh City
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
worked at the Royal Commission / High Commission for the Development of Riyadh
value seen: Royal Court
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/

Sources: role type

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: BOARD_MEMBER
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: summary

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Minister of State and Member of the Council of Ministers, Acting CEO of the Royal Commission for Riyadh City.
value seen: He is a New Murabba independent board member and the acting CEO of the Royal Commission for Riyadh City. His public profile records a long Riyadh-planning and infrastructure career, beginning with engineering roles and extending to ministerial and multiple development-board responsibilities.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.rcrc.gov.sa/en/ceo/

Sources: tags

REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Bachelor’s degree in Civil Engineering
value seen: Civil engineer
https://www.rcrc.gov.sa/en/ceo/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Minister of State and Member of the Council of Ministers
value seen: Minister of State
https://www.rcrc.gov.sa/en/ceo/
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
REGULATORdate not shown in source

CEO - Royal Commission for Riyadh City

Royal Commission for Riyadh City · carried by rcrc.gov.sa
Acting CEO of the Royal Commission for Riyadh City
value seen: Acting CEO, RCRC
held out of the figures · the quote does not carry this value
https://www.rcrc.gov.sa/en/ceo/

Sources: title

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
H.E. Eng. Ibrahim Alsultan — Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
FA
Fahad Abdulmohsan Al-Rasheed
He is a New Murabba board member and an adviser in the Saudi Council of Ministers. The World Economic Forum profile identifies him as former CEO of RCRC and former group CEO of King Abdullah Economic City, with board roles across major Saudi development and university organisations.
Current title
Board Member
Experience
no career length stated
Companies before
Royal Commission for Riyadh CityKing Abdullah Economic City
Education
Washington University in St. LouisBachelor’s degree in Business
Stanford UniversityMBA
Other boards
Royal Commission for Riyadh CityPrince Mohammed Bin Salman CollegeKing Faisal Specialist Hospital & Research CenterDiriyah Gate Company LimitedSoudah Development CompanyQiddiya Investment CompanyKing Saud UniversityKAUST
Known for
Board MemberFormer RCRC CEOFormer KAEC Group CEOStanford MBAWashington University

Sources: education

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
Bachelor’s degree in Business from Washington University in St. Louis
value seen: Washington University in St. Louis
https://www.weforum.org/people/fahd-al-rasheed/

Sources: education

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
MBA from Stanford University
value seen: Stanford University
https://www.weforum.org/people/fahd-al-rasheed/

Sources: full name

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
His Excellency Fahd Abdulmohsan Al-Rasheed
value seen: Fahad Abdulmohsan Al-Rasheed
held out of the figures · the quote does not carry this value
https://www.weforum.org/people/fahd-al-rasheed/

Sources: other boards

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include Royal Commission for Riyadh City
value seen: Royal Commission for Riyadh City
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include Prince Mohammed Bin Salman College
value seen: Prince Mohammed Bin Salman College
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include King Faisal Specialist Hospital & Research Center
value seen: King Faisal Specialist Hospital & Research Center
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include Diriyah Gate Company Limited
value seen: Diriyah Gate Company Limited
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include Soudah Development Company
value seen: Soudah Development Company
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include Qiddiya Investment Company
value seen: Qiddiya Investment Company
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include King Saud University
value seen: King Saud University
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include KAUST
value seen: KAUST
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/

Sources: previous companies

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
previously the CEO of the Royal Commission for Riyadh City
value seen: Royal Commission for Riyadh City
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
Prior to that, HE Al-Rasheed was Group CEO of King Abdullah Economic City (KAEC)
value seen: King Abdullah Economic City
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/

Sources: role type

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: BOARD_MEMBER
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: summary

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
HE Al-Rasheed’s Board Memberships include ... New Murabba Development Company ... HE Al-Rasheed was previously the CEO of the Royal Commission for Riyadh City ... Prior to that, HE Al-Rasheed was Group CEO of King Abdullah Economic City (KAEC).
value seen: He is a New Murabba board member and an adviser in the Saudi Council of Ministers. The World Economic Forum profile identifies him as former CEO of RCRC and former group CEO of King Abdullah Economic City, with board roles across major Saudi development and university organisations.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.weforum.org/people/fahd-al-rasheed/

Sources: tags

OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
a Bachelor’s degree in Business from Washington University in St-Louis
value seen: Washington University
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
an MBA from Stanford University
value seen: Stanford MBA
held out of the figures · the quote does not carry this value
https://www.weforum.org/people/fahd-al-rasheed/
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
was previously the CEO of the Royal Commission for Riyadh City
value seen: Former RCRC CEO
held out of the figures · the quote does not carry this value
https://www.weforum.org/people/fahd-al-rasheed/
OTHERdate not shown in source

Fahd Al-Rasheed | World Economic Forum

World Economic Forum
Prior to that, HE Al-Rasheed was Group CEO of King Abdullah Economic City (KAEC)
value seen: Former KAEC Group CEO
held out of the figures · the quote does not carry this value
https://www.weforum.org/people/fahd-al-rasheed/

Sources: title

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
H.E. Fahad Alrasheed — Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
FA
Fawaz Abdulaziz Alhokair
He is a New Murabba board member and entrepreneur, investor and business leader. His profile describes more than three decades building businesses across retail, real estate and hospitality, and identifies New Murabba and Saudi Downtown Company as board assignments.
Current title
Board Member
Experience
30+ years leadership
Companies before
Fawaz Abdulaziz Alhokair Group
Education
Loughborough UniversityPhD in Economics and Accounting
Loughborough UniversityBachelor’s degree in Economics and Accounting
Other boards
Saudi Downtown Company
Known for
Board MemberEntrepreneurInvestorRetailReal estate

Sources: education

OTHERdate not shown in source

Fawaz Abdulaziz Alhokair — Profile: The Businessman Who Built a Retail Empire

Fawaz Alhokair
PhD in Economics and Accounting from Loughborough University
value seen: Loughborough University
https://fawazalhokair.com/fawaz-abdulaziz-alhokair-profile-the-businessman-who-built-a-retail-empire/

Sources: education

OTHERdate not shown in source

Fawaz Abdulaziz Alhokair — Profile: The Businessman Who Built a Retail Empire

Fawaz Alhokair
Bachelor’s degree in Economics and Accounting from Loughborough University
value seen: Loughborough University
https://fawazalhokair.com/fawaz-abdulaziz-alhokair-profile-the-businessman-who-built-a-retail-empire/

Sources: full name

OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
Fawaz Abdulaziz Alhokair
value seen: Fawaz Abdulaziz Alhokair
https://fawazalhokair.com/

Sources: other boards

OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
Through his board roles at New Murabba Development Company (NMDC) and Saudi Downtown Company (SDC)
value seen: Saudi Downtown Company
https://fawazalhokair.com/

Sources: previous companies

OTHERdate not shown in source

Fawaz Abdulaziz Alhokair — Profile: The Businessman Who Built a Retail Empire

Fawaz Alhokair
co-founding of the Fawaz Abdulaziz Alhokair Group in 1989
value seen: Fawaz Abdulaziz Alhokair Group
https://fawazalhokair.com/fawaz-abdulaziz-alhokair-profile-the-businessman-who-built-a-retail-empire/

Sources: role type

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: BOARD_MEMBER
value paraphrased from this source
https://newmurabba.com/en/about-us/board-of-directors/

Sources: summary

OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
Serving on the boards of some of Saudi Arabia’s most transformative giga-projects ... Through his board roles at New Murabba Development Company (NMDC) and Saudi Downtown Company (SDC), he helps guide the delivery of world-class urban destinations.
value seen: He is a New Murabba board member and entrepreneur, investor and business leader. His profile describes more than three decades building businesses across retail, real estate and hospitality, and identifies New Murabba and Saudi Downtown Company as board assignments.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://fawazalhokair.com/

Sources: tags

OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
businesses across retail, real estate, and hospitality
value seen: Retail
https://fawazalhokair.com/
OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
Entrepreneur, investor, and business leader shaping industries
value seen: Entrepreneur
https://fawazalhokair.com/
OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
Entrepreneur, investor, and business leader shaping industries
value seen: Investor
https://fawazalhokair.com/
OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
businesses across retail, real estate, and hospitality
value seen: Real estate
https://fawazalhokair.com/
COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/
OTHERdate not shown in source

Fawaz Alhokair – A legacy of transformation

Fawaz Alhokair
For over three decades, Fawaz Alhokair has built and led landmark businesses
value seen: 30+ years leadership
held out of the figures · the quote does not carry this value
https://fawazalhokair.com/

Sources: title

COMPANYdate not shown in source

Meet the Board of Directors & Members

New Murabba
Dr. Fawaz Alhokair — Member - Independent
value seen: Board Member
held out of the figures · the quote does not carry this value
https://newmurabba.com/en/about-us/board-of-directors/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

1 project
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
New Murabba HeadquartersRiyadh, Saudi Arabia
office————————Feb 2026—not scorablecompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

4 found
SAFETY / QUALITY Certified 14 August 2025
ISO 31022:2020 Certification for Legal Risk Management
New Murabba Development Company was awarded ISO 31022:2020 certification for legal risk management after a review of its internal legal systems, policies and procedures; the developer reports this certification.
PROJECT AWARD Certified 16 November 2025
SmartScore Platinum Certification · New Murabba Headquarters
The New Murabba Headquarters achieved SmartScore Platinum certification with a perfect 100/100 score, recognizing digital connectivity, user experience, infrastructure readiness and smart-building performance; the developer reports this certification.
GOVERNMENT RECOGNITION Winner 21 February 2024
Partner Shield at Restatex 2024
New Murabba was recognized with the Partner Shield at Restatex 2024 for its contribution to the exhibition and its role in advancing Saudi Arabia’s real-estate sector; the developer reports that its CEO received the award from the minister.
Saudi Arabia’s Ministry of Municipal, Rural Affairs and Housing · https://newmurabba.com/en/media/new-murabba-innovation-recognition-restatex-2024/
SUSTAINABILITY Winner 19 October 2024
Award for Contribution as Platinum Sponsor of the 14th Saudi Green Building Forum
New Murabba received an award from Saudi Arabia’s Minister of Municipalities and Housing for its contribution as Platinum Sponsor of the 14th Saudi Green Building Forum in Riyadh.

Risks

Risk flags

3 found
DELIVERY DELAY 2026-01-27
Reuters reported on January 27, 2026 that planned construction of The Mukaab, the centrepiece of New Murabba, was suspended beyond soil excavation and piling while financing and feasibility were reassessed; sources said the surrounding real-estate development was expected to continue, so this documents a material delay/suspension rather than a confirmed cancellation of New Murabba as a whole.
DELIVERY DELAY Published October 6, 2025; status researched as of October 8, 2026
New Murabba Development Company’s Riyadh district was originally targeted for completion by 2030, but executives reported that full completion would extend to 2040, with only phase one expected by the end of this decade; this is a revised commitment, not evidence that the entire project has been abandoned.
DELIVERY DELAY Reported January 27, 2026; status researched as of October 8, 2026
Construction of The Mukaab, the New Murabba Development Company’s planned Riyadh centrepiece, was reported suspended beyond soil excavation and piling while financing and feasibility were reassessed; the surrounding New Murabba real estate was expected to continue, and no cancellation was reported.

Record status

active
Coverageactive
Tracked sinceOctober 8, 2026
Last checkedOctober 8, 2026 this month
Profile last researchedOctober 8, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.