New Murabba Company earns industry recognition at Restatex

Michael Dyke, CEO of New Murabba Development Company, second from the left, meets with industry leaders at Restatex 2024.
Short Url
Updated 26 February 2024
Follow

New Murabba Company earns industry recognition at Restatex

New Murabba Development Company concluded its participation in the Restatex Riyadh Real Estate Exhibition 2024, one of Saudi Arabia’s largest real estate conferences. The event was held at the Riyadh International Convention and Exhibition Center from Feb. 18-21.

The company’s participation was marked by its Chief Executive Officer Michael Dyke receiving the prestigious “Partner Shield” award from Saudi Arabia’s Minister of Municipal, Rural Affairs and Housing Majed bin Abdullah Al-Hogail. The recognition underscores the critical role of real estate development in achieving Vision 2030’s goals. It acknowledges New Murabba Development Company’s significant contributions to the success of Restatex and its ongoing efforts to advance the Kingdom’s real estate sector.

As one of the largest real estate exhibitions in the Kingdom, Restatex served as a platform for showcasing cutting-edge developments, innovations, and technologies that are reshaping the sector. New Murabba Development Company’s presence reflected its importance in contributing to real estate transformation, and its alignment with the Kingdom’s goals of attracting investment and diversifying the economy.

The company engaged attendees with its ambitious vision of serving as a model for future urban development, and driving Riyadh’s evolution in line with Saudi Vision 2030. Visitors at Restatex also had the chance to learn more about the Mukaab, an iconic landmark within New Murabba downtown that will feature the latest innovative technology, and will be one of the largest built structures in the world at 400 meters in height, width, and length.

CEO Dyke said: “Receiving the ‘Partner Shield’ award is a great honor and signifies New Murabba Development Company’s unwavering commitment to supporting Vision 2030’s goals. We believe that real estate development plays a crucial role in diversifying the Kingdom’s economy by creating new jobs, attracting investments, and fostering sustainable growth.”

New Murabba Development Company’s participation in Restatex, alongside the CEO’s award, marks a significant step forward in its mission to revolutionize urban development. Through its collaborative, innovative, and human-centric approach, the company aims to establish a new paradigm for sustainable and inclusive urban development worldwide.


LuLu Walkathon: 22,000 participants champion greener future

Updated 12 February 2026
Follow

LuLu Walkathon: 22,000 participants champion greener future

Alkhobar’s New Corniche transformed into a vibrant hub of energy and community spirit when more than 22,000 people gathered for the highly anticipated “LuLu Walkathon.” Organized by LuLu Saudi Hypermarket, the 3-km event was held under the patronage of the Ministry of Sport and Alkhobar municipality on Jan. 31. The walkathon successfully united the community under the themes of health and environmental sustainability.
The event was held with the cooperation of Meshaal Al-Harbi, head of Alkhobar municipality, and Tareq Al-Qahtani, director of the Ministry of Sport’s Eastern Province branch. The official flag-off was performed by Mohammed Haris, director of LuLu Hypermarket Saudi Arabia.
This year’s walkathon went beyond fitness, offering a rich tapestry of entertainment including soulful traditional Arabic music, a contemporary violin performance, and a playful “donuts dance,” which ensured a festive atmosphere for families of all ages.
A major highlight of the morning was the presence of Khadra. Khadra served as a living reminder of the Kingdom’s deep-rooted cultural artistry, posing for photos with the thousands of participants who lined the coast. To ensure every attendee felt the spirit of the celebration, participants were geared up with a premium merchandise kit containing custom-branded T-shirts and caps. Furthermore, every individual who successfully completed the 3-km route was rewarded with an exclusive LuLu goodie bag at the finish line to celebrate their achievement.
Sustainability remained a core pillar for the LuLu Walkathon this year, reflecting the brand’s long-term environmental vision. LuLu’s staff managed the route with a strict focus on environmental responsibility, while strategically placed refreshment stalls kept walkers hydrated without compromising the pristine condition of the corniche.
The massive success of the event was supported by key partners, including MasterCard as the commercial sponsor and Nada, which provided vital refreshments, alongside significant support from Radio Mirchi and Alyaum newspaper.
“The walkathon concluded not just as a race, but as a meaningful tribute to the Kingdom’s past and a definitive step toward a sustainable future,” a statement said. “By blending physical activity with cultural celebration and environmental stewardship, LuLu Hypermarket reaffirmed its commitment to the Saudi community, promoting an active, engaged, and responsible lifestyle for all residents.”