The New Murabba Company, the developer behind the world’s largest modern downtown, has signed an agreement with Bechtel Corporation for Project Management Services for the masterplan and site-wide infrastructure.
The agreement was signed by Sabah Barakat, the Acting-CEO of New Murabba Development Company, and Jacob Mumm, Senior Vice President and Regional President at Bechtel.
Bechtel has released in a post that the New Murabba’s impact goes beyond construction. “It is about transforming the landscape and future of Riyadh and creating the world’s largest modern downtown, with The Mukaab, the world’s largest immersive experience complex, at its centre.”
With completion date set for 2030, the project is expected to add $48 billion (SAR180 billion) to non-oil GDP, and create 334,000 direct and indirect jobs by then.