New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab
RIYADH — New Murabba Development Company and Alat have signed a memorandum of understanding to explore advanced vertical mobility solutions — including next-generation elevators and escalators — for The Mukaab and the wider New Murabba development.
The agreement focuses on deploying innovative technologies to enable seamless and intelligent movement within the mega urban destination.
This includes the integration of transformative digital systems to elevate the visitor experience inside The Mukaab through cutting-edge, multi-sensory environments.
Under the MoU, both parties will collaborate on identifying the best financing strategies for initial investments in hardware and R&D.
The agreement also includes a feasibility study to establish high-performance manufacturing facilities in Saudi Arabia capable of meeting project demands, supporting national localization targets tied to New Murabba.Post-installation services such as warranty, maintenance, and software updates will also be jointly assessed.Michael Dyke, CEO of New Murabba Development Company, said the agreement marks a key milestone in delivering a future-ready, smart urban destination."Our partnership with Alat reinforces our commitment to integrating next-gen technologies that will redefine urban living and visitor engagement," he said.Alat CEO Amit Midha described the collaboration as a bold step toward shaping tech-enabled urban life."Combining Alat's AI-driven solutions with New Murabba's ambitious vision opens new possibilities for transformative smart city experiences," he added.The Mukaab is envisioned as a next-generation urban marvel — measuring 400 meters in height, width, and length — making it the tallest and most prominent structure in Riyadh.It combines traditional Najdi architectural aesthetics with advanced technology to create a mixed-use destination offering luxury hospitality, cultural attractions, residential units, retail zones, and interactive entertainment venues.Inside The Mukaab, visitors will be immersed in a world of innovation, from holographic 3D displays to a world-class digital sound system designed to accommodate large-scale performances.The structure will feature a one-of-a-kind lighting system that harmonizes art and innovation, enhancing the visual experience and seamlessly integrating with curated events and exhibitions.A unique pedestrian gateway will guide visitors through a tranquil path transitioning them from the bustling city into this immersive environment.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
31-07-2025
- Saudi Gazette
New Murabba, Alat sign MoU to develop next-gen vertical transport for The Mukaab
Saudi Gazette report RIYADH — New Murabba Development Company and Alat have signed a memorandum of understanding to explore advanced vertical mobility solutions — including next-generation elevators and escalators — for The Mukaab and the wider New Murabba development. The agreement focuses on deploying innovative technologies to enable seamless and intelligent movement within the mega urban destination. This includes the integration of transformative digital systems to elevate the visitor experience inside The Mukaab through cutting-edge, multi-sensory environments. Under the MoU, both parties will collaborate on identifying the best financing strategies for initial investments in hardware and R&D. The agreement also includes a feasibility study to establish high-performance manufacturing facilities in Saudi Arabia capable of meeting project demands, supporting national localization targets tied to New services such as warranty, maintenance, and software updates will also be jointly Dyke, CEO of New Murabba Development Company, said the agreement marks a key milestone in delivering a future-ready, smart urban destination."Our partnership with Alat reinforces our commitment to integrating next-gen technologies that will redefine urban living and visitor engagement," he CEO Amit Midha described the collaboration as a bold step toward shaping tech-enabled urban life."Combining Alat's AI-driven solutions with New Murabba's ambitious vision opens new possibilities for transformative smart city experiences," he Mukaab is envisioned as a next-generation urban marvel — measuring 400 meters in height, width, and length — making it the tallest and most prominent structure in combines traditional Najdi architectural aesthetics with advanced technology to create a mixed-use destination offering luxury hospitality, cultural attractions, residential units, retail zones, and interactive entertainment The Mukaab, visitors will be immersed in a world of innovation, from holographic 3D displays to a world-class digital sound system designed to accommodate large-scale structure will feature a one-of-a-kind lighting system that harmonizes art and innovation, enhancing the visual experience and seamlessly integrating with curated events and exhibitions.A unique pedestrian gateway will guide visitors through a tranquil path transitioning them from the bustling city into this immersive environment.
Leaders
14-07-2025
- Leaders
Diriyah Company Awards $600 Million Contract to Salini Saudi Arabia
Diriyah Company has awarded a SAR2.249 billion ($600 million) construction contract to Salini Saudi Arabia, a subsidiary of the Webuild Group, for the development of the retail centerpiece within Diriyah Square. Located at the heart of Diriyah, the City of Earth, Diriyah Square is a flagship retail district inspired by Najdi architectural heritage. The development will host 400 premium retail, dining, and leisure units, blending international luxury with local artisanal culture. This pedestrian-friendly district is designed to offer an exceptional customer experience and redefine the future of retail and lifestyle in Riyadh. Webuild Group This new contract marks the third major contribution from the Webuild Group to the Diriyah project. Salini is already progressing on several key components: Construction of a 10,500-space underground car park, set to be one of the largest globally. Integration of bus stations, taxi and VIP drop-off points, and a four-lane underground gyratory system. Near completion of structural engineering work for above-ground developments, including hotels, retail spaces, branded residences, offices, and the Grand Mosque. Under this latest agreement, Salini will construct: 73 individual buildings 400 shell-and-core retail units A total built-up area of 365,340 square meters The project includes facades, finishes, and fit-outs for each unit, with all structures showcasing traditional Najdi design themes, creating a unique and walkable shopping environment. Jerry Inzerillo, Group CEO of Diriyah Company, commented: 'Diriyah Square is one of our most anticipated and prestigious districts. Partnering with Salini brings global expertise to this critical milestone, preparing us to welcome millions of visitors and residents to this transformative retail destination.' Pietro Salini, CEO of Webuild Group, added: 'We are proud to support such a culturally and strategically important project. This enhances our long-standing presence in the Kingdom and reaffirms our commitment to Saudi Arabia's future through complex infrastructure and sustainable development.' Diriyah Square Diriyah Square will house 400 of the planned 1,000 outlets across the broader 14 km² Diriyah development, part of a SAR237 billion ($63.2 billion) masterplan. It will serve as a bridge between global luxury brands and local heritage, combining retail, culture, leisure, and entertainment. Diriyah: Economic, Social Impact Since its inception, Diriyah Company has awarded over SAR100 billion ($26 billion) in contracts, including SAR20 billion ($5 billion) in the first half of 2025 alone. The broader Diriyah development is expected to: Contribute SAR70 billion ($18.6 billion) to Saudi Arabia's GDP Create nearly 180,000 jobs Become home to approximately 100,000 residents Include offices for professionals in technology, media, education, and the arts Key features of development include: Royal Diriyah Opera House Diriyah Arena Greg Norman-designed golf course in Wadi Safar Royal Golf Club Royal Equestrian & Polo Club Museums and a university World-class hotels and restaurants Related Topics: Diriyah Art Futures Launches New Exhibition for Digital Artists Diriyah Unveils Revolutionary Media & Innovation Hub at MIPIM 2025 MBS Project Revitalizes Al-Oudah Mosque in Diriyah Under Historic Initiative Short link : Post Views: 8
Leaders
08-07-2025
- Leaders
New Murabba Teams Up with Korea's Heerim for Architectural Innovation
New Murabba, a company backed by Saudi Arabia's Public Investment Fund (PIF), has signed a memorandum of understanding (MoU) with South Korea's Heerim Architects & Planners. The collaboration aims to explore innovative and distinctive architectural concepts that align with New Murabba's master plan, focusing on key elements such as anchor assets, linear parks, and smart city features. The MoU was signed in Seoul by Michael Dyke, CEO of New Murabba, and Young Kyoon Jeong, Chairman and CEO of Heerim Architects & Planners, according to a press release issued today. Heerim is internationally acclaimed for its expertise in large-scale urban projects, cultural landmarks, and iconic architectural designs, with a strong portfolio across Asia, the Middle East, and other global markets. 'Our mission at New Murabba is to drive forward Saudi Arabia's Vision 2030 by shaping the future urban fabric of Riyadh,' said Dyke. 'We're building a destination rooted in innovation, sustainability, and design excellence. Partnering with Heerim underscores our commitment to working with global architectural leaders to create a city that is iconic, immersive, and truly human-centric.' The announcement also noted that New Murabba is developing a 141.1-square-kilometer mixed-use urban destination designed for sustainability and future-ready living. At its center lies The Mukaab, a landmark development that blends retail, cultural, tourism, hospitality, residential, commercial, and recreational offerings into a single, dynamic hub. Related Topics: Culture Minister Inaugurates Saudi Pavilion at Expo 2025 Osaka Saudi Envoy to Japan Shares Vision for Expo 2025 Osaka Pavilion Saudi Pavilion at Expo 2025 Osaka Unveils 700 Cultural Events Short link : Post Views: 5
