New Murabba Development Company

New Murabba Development Company (NMDC) is owned by the Public Investment Fund (PIF), established in 2022, with its Board of Directors chaired by His Royal Highness Crown Prince Mohammed bin Salman. NMDC, a subsidiary of the Public Investment Fund, spearheads Riyadh’s transformation in line with Saudi Vision 2030. We aspire to create New Murabba, A new modern downtown featuring an iconic landmark, that enables corporate growth and excellence. The Mukaab, a stunning architectural masterpiece, is the heart of New Murabba and the emblem of NMDC’s vision and innovation. We are honored to shape Riyadh’s dynamic future with this historic project. At NMDC, witness a fusion of innovation and growth. New Murabba, more than a living and working space, encapsulates Riyadh's essence. NMDC champions a dynamic corporate spirit—a center of progress, creativity, and entrepreneurship, harmonizing with nature's beauty and authentic culture.