New murabba development company - Latest News Update, Information, Photos & Videos on New murabba development company at Lokmat Times

Riyadh, Feb 17 Saudi Arabian Crown Prince Mohammed bin Salman Al Saud has announced the launch of the New Murabba Development Company to develop the world's largest modern downtown in the capital of Riyadh.The downtown will be completed in 2030 and is expected to generate 180 billion Saudi Riyals ($48.6 billion) to non-oil GDP, Xinhua news agency reported, citing a Saudi Press Agency report. 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 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.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Trump Tarrifs

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

New Murabba Development CompanyFOLLOW

New murabba development company, Latest News

International :Global indignation over Saudi development plans (Opinion)

Saudi Arabia has announced plans to build a large cube-shaped structure as part of a re-development project in the ... ...

Politics :Saudi Arabia announces world's largest modern downtown in Riyadh

Riyadh, Feb 17 Saudi Arabian Crown Prince Mohammed bin Salman Al Saud has announced the launch of the ... ...