New Murabba Investment: $50B | Residential Units: 104,000 | Riyadh Rental Yield: 8.89% | Office Occupancy: 98% | GDP Contribution: SAR 180B | Jobs Target: 334,000 | Saudi REITs: 19 Listed | RHQ Relocations: 780+ | New Murabba Investment: $50B | Residential Units: 104,000 | Riyadh Rental Yield: 8.89% | Office Occupancy: 98% | GDP Contribution: SAR 180B | Jobs Target: 334,000 | Saudi REITs: 19 Listed | RHQ Relocations: 780+ |

Development Timeline Dashboard — New Murabba Construction Milestones

Timeline tracker for New Murabba and Mukaab construction milestones, contractor activities, technology deployments, and phased delivery targets through 2040.

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New Murabba Development Timeline

Key Milestones

DateMilestoneStatusSource
Feb 2023Project announced by Crown Prince MBSCompletedPIF/NMDC
2022AtkinsRealis wins international competitionCompletedAtkinsRealis
Dec 2023AtkinsRealis formally appointed as masterplannerCompletedAtkinsRealis
Jan 2024Michael Dyke appointed CEOCompletedNMDC
2024Bechtel, CHEC, AECOM engagedCompletedGulf Construction
2024Naver Cloud 3-year MoU signedCompletedZawya
2024Arup awarded stadium design contractCompletedGulf Construction
Oct 2024Mukaab groundwork reported 86% completeCompletedNMDC
Jan 2026Mukaab construction suspendedCurrentReuters
2026NMDC participates in MIPIM 2026 (3rd year)CompletedNMDC

Projected Milestones

Target DateMilestonePhaseConfidence
2027-2028First residential phase deliveryPhase 1Reported
2030Phase 1 completion for Riyadh ExpoPhase 1Confirmed target
2034Stadium + Phase 2 for FIFA World CupPhase 2Confirmed target
2035Phase 3 expansionPhase 3Projected
2040Full district completionPhase 4Projected
TBDMukaab construction resumptionPending reassessmentUncertain

Contractor Activity Tracker

ContractorRoleStatus
AtkinsRealisMasterplan + Mukaab designActive (masterplan)
BechtelConstruction partnerActive (district)
China Harbour EngineeringConstruction partnerActive (district)
AECOMPMC servicesActive
ArupStadium designActive
Naver CloudSmart city technologyActive (3-year MoU)
STC GroupTelecommunicationsActive

Data is sourced from NMDC publications, contractor announcements, and news reporting from MEED, Zawya, and Gulf Construction Online. See our methodology for verification standards. The masterplan overview provides architectural context. Premium Intelligence delivers monthly construction updates.

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