RIYADH: According to its CEO, New Murabba Co., with funding from Saudi Arabia’s Public Investment Fund, is aggressively seeking alliances with cutting-edge technology companies to meet the digital requirements of Mukaab, a 400-meter skyscraper that is presently being built. The CEO of the mixed-use real estate project, Michael Dyke, stressed that the company is also seeking long-term partnerships with real estate and industrial partners in an interview with Arab News at the eighth Future Investment Initiative meeting.
One of Saudi Arabia’s most ambitious projects, Mukaab is located in the Qirawan neighbourhood of Riyadh and is anticipated to provide a fully immersive dining, shopping, and cultural experience when it is finished.
As the Kingdom gradually diversifies its economy and positions itself as a global tourism and commercial hub, in line with Vision 2030 aspirations, the development of attractions such as Mukaab is crucial for Saudi Arabia.
“Everywhere, we need relationships. relationships that we have with stakeholders. We require collaborations from business partners. Therefore, we must form partnerships unless we begin to construct and develop all of the infrastructure, including the roads, cooling systems, utilities, and the actual real estate itself,” Dyke stated.
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