Forging a future: New Murabba and the Saudi dream

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Michael Dyke, CEO of New Murabba Development Company
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Updated 23 September 2024
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Forging a future: New Murabba and the Saudi dream

On this joyous occasion of Saudi National Day, we extend our warmest congratulations to the Custodian of the Two Holy Mosques King Salman and Crown Prince Mohammed bin Salman. Their visionary leadership has ignited a transformative journey for the Kingdom, one that is marked by ambition, innovation, and unwavering resolve. 

This year’s National Day theme, “We dream, We achieve,” resonates deeply with the spirit of New Murabba. We are not just building a new modern downtown; we are building a future where dreams take shape and become a reality. New Murabba stands as a testament to this principle, a living embodiment of Saudi Arabia’s aspirations.

New Murabba is more than an urban development; it is a symbol of the Kingdom’s ambitions and aspirations. We are building a city that reflects Saudi Arabia’s rich culture, while embracing the latest innovations in technology and sustainability. From the iconic Mukaab to the lush green spaces and world-class amenities that it will host, every aspect of New Murabba is designed to enhance the quality of life for its residents and visitors. 

Our work aligns seamlessly with the Kingdom’s broader vision. We see New Murabba as a model of the nation’s future, a place where the Kingdom’s goals for a thriving, diversified economy come to life. As such, we are committed to fostering a vibrant ecosystem that nurtures creativity, entrepreneurship, and sustainable growth.

At New Murabba, we also envision a community where people connect, collaborate, and flourish. We are creating spaces that inspire, that foster a sense of belonging, and which contribute to enhancing the overall well-being of Riyadh’s residents.

As we celebrate Saudi National Day, we are filled with optimism for the future. We see a Kingdom poised for greatness, driven by the energy and ambition of its people. New Murabba is proud to be part of this remarkable journey. We are committed to contributing to the Kingdom’s progress, and to building a future where dreams are not just realized but surpassed.

On this special day, we reaffirm our dedication to the Kingdom and its people. Together, we will continue to build, to innovate, and to shape a future that reflects the true spirit of Saudi Arabia. Happy National Day!

- The writer is CEO of New Murabba Development Company.

 


‘Deal Day’ connects water startups with investors at Jeddah conference

Updated 11 December 2025
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‘Deal Day’ connects water startups with investors at Jeddah conference

Deal Day, held as part of the Innovation in Water Sustainability Conference in Jeddah, brought together leading innovators and investors at one of the region’s most significant platforms for advancing water technologies. The event showcased 36 startups presenting innovative solutions for the water sector, including 12 winners of the Global Prize for Innovation in Water, to an audience of more than 50 investors and investment funds representing 10 countries.

Participants presented innovative solutions focused on water production, treatment, and reuse. The combined market value of the participating companies exceeded SR1 billion ($266.6 million), reflecting strong investment momentum and the expanding opportunities in water technology development.

Deal Day is organized under the umbrella of the Saudi Water Innovation Center, the innovation arm of the Saudi Water Authority. The center focuses on developing innovations and building startups specializing in desalination, treatment, and reuse. It strengthens the national innovation ecosystem through incubation programs, accelerators, and the transfer of technologies from the research and development stage to commercial application.

The event featured two main tracks. The first is the Innovation Track, which focuses on transforming ideas into practical applications during hackathon stages, through a development environment that encourages collaboration and learning, serving innovators, researchers, and entrepreneurs.

The second is the Investment Adoption Track, which accelerates the adoption of ready-to-implement innovations and directly connects patents to the market, enabling investors and creating practical opportunities for startup growth while speeding technology transfer.

Deal Day serves as an investment platform that bridges innovation with funding through project pitch sessions and one-on-one meetings that help build commercial agreements and partnerships. It supports the transition of innovations from development to real-world implementation across vital sectors.

This event enhances the presence of startups in the water sector both locally and internationally, aligning with future technology development trends and expanding investment in sustainability solutions.