The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
The contract was signed at a ceremony featuring Sabah Barakat, Acting CEO of New Murabba Development Company, and Jacob Mumm, Senior Vice President and Regional President, Bechtel.
Bechtel will provide PMC services for the masterplan and site-wide infrastructure of the project.
The project, which includes the New Mukaab, a super-sized cube structure, will be “built around the concept of sustainability, featuring green areas and walking and cycling paths that will enhance the quality of life by promoting healthy, active lifestyles and community activities. It will also feature an iconic museum, a technology and design university, a multipurpose immersive theater, and more than 80 entertainment and culture venues,” Bechtel said, in a job listing for the project.
The project will be situated at the intersection of King Salman and King Khalid roads to the North West of Riyadh, over an area of 19 square kilometers, to accommodate hundreds of thousands of residents.
The project will offer more than 25 million sqm of floor area, featuring more than 104,000 residential units, 9,000 hotel rooms, and more than 980,000 sqm of retail space, as well as 1.4 million sqm of office space, 620,000 sqm of leisure assets, and 1.8 million sqm of space devoted to community facilities.
The selection of Bechtel, the company that has nearly 80 years of experience operating in the Kingdom and is currently working on the Riyadh Metro project and Trojena at Neom among others, is a win for U.S.-Saudi commercial ties and indicates that authorities intend to deliver on the skyline-redefining development. Bechtel is regarded as a trusted engineering, construction and project management partner to industry and government.
Authorities have said the project will be delivered by 2030.
