PIF’s New Murabba Development Co. unveils design of new multi-use stadium

A new 45,000-capacity stadium is set to enhance Saudi Arabia’s sports and entertainment landscape as New Murabba Development Co. unveiled its design as part of its mixed-use project.

In a post on X, formerly known as Twitter, the Riyadh-based company owned by the Kingdom’s Public Investment Fund announced that the facility in its upcoming real estate development in the capital’s northwest would feature flexible and multi-use spaces, allowing it to host a variety of sporting events and entertainment activities.

This initiative aligns with the Kingdom’s ambitions to establish itself as the premier cultural, tourist, entertainment, and sports destination in the Middle East and North Africa region.

“The New Murabba Stadium contributes to demonstrating the extent of the efforts being made to make the Kingdom a leading global center by providing the best sports and entertainment experiences,” the company said in its X post.

“The stadium is distinguished by its design that combines the local character inspired by the acacia tree, one of the main natural landmarks in Wadi Hanifah,” the post added.

In addition to the stadium, the project will feature a museum, a technology and design university, an immersive theater, and over 80 entertainment and cultural venues upon completion, anticipated by the end of 2032.

“The New Murabba Stadium embodies our commitment to transforming Riyadh into a global destination for sports and entertainment,” said Michael Dyke, the CEO of the company.

“The stadium will not only be a world-class venue for sporting events but also a vibrant community hub that enhances the quality of life for residents and visitors alike,” he added.

The New Murabba project, spanning 19 sq. km., will offer over 25 million sq. m. of floor area, 104,000 residential units, 9,000 hotel rooms, 980,000 sq. m. of retail space, and 1.4 million sq. m. of office space.

In February 2023, Saudi Crown Prince Mohammed bin Salman announced the launch of New Murabba Development Co., aimed at transforming downtown Riyadh with a unique mix of residential, commercial, and entertainment offerings.

In May, the Public Investment Fund-owned firm also hosted the New Murabba Partnership Forum at the InterContinental Riyadh.

The event brought together a diverse group of vendors and partners to explore the extensive opportunities within this groundbreaking destination, poised to become the most transformative downtown area in Riyadh, according to a previous press statement.