Latest news with #MichaelDyke
Zawya
2 hours ago
- Business
- Zawya
Saudi: New Murabba, Alat sign deal 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. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
18-07-2025
- Business
- Zawya
Saudi: New Murabba seals partnership deal with Korean architect Heerim
Saudi Arabia - New Murabba, a key Saudi developer powered by the kingdom's sovereign wealth fund PIF, has signed an agreement with Korea-based Heerim Architects & Planners to explore innovative and distinctive architectural overlays that complement the development's master plan, with special emphasis on anchor assets, linear parks, and smart city features. New Murabba is a mixed-use real estate development under construction in northwestern Riyadh and easternmost Diriyah, Saudi Arabia. Headquartered in Seoul, Heerim is a globally recognised company for delivering large-scale urban developments, cultural complexes, and iconic architecture, with a proven track record across Asia, the Middle East, and other international markets. New Murabba Company is delivering a 19-sq-km mixed-use urban destination featuring sustainable design, innovative infrastructure, and a future-ready lifestyle. At its heart is The Mukaab, a premium mixed-use landmark that integrates retail, cultural, tourism, hospitality, residential, commercial, and recreational components. "New Murabba plays a vital role in advancing urban development strategies and turning Saudi Arabia's Vision 2030 into reality by shaping Riyadh's future urban landscape," remarked New Murabba CEO Michael Dyke after signing the MoU with Heerim Architects & Planners Chairman and CEO Young Kyoon Jeong at a key ceremony in Seoul. "We are creating a destination that combines innovation, sustainability, and design excellence. Our partnership with Heerim reinforces our continued commitment to working with world-class architectural leaders to deliver a city that is iconic, immersive, and deeply human-centric," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
09-07-2025
- Business
- Zawya
New Murabba and Hanam City explore global urban development cooperation
Riyadh, Saudi Arabia – As part of its global collaboration and learning strategy, New Murabba, PIF company, visited Hanam City in South Korea to explore synergies in sustainable city building and cultural innovation. Michael Dyke, CEO of New Murabba, met with Hanam Mayor, Lee Hyun-jae, and Ambassador at the World Travel & Tourism Council, Dho Young-shim, to discuss shared priorities between the New Murabba development in Riyadh – a flagship initiative under Saudi Arabia's Vision 2030 – and Hanam's globally positioned K-Star World project. The visit included a project briefing at the mayor's office, a tour of the Union Tower observation deck overlooking Misa Island – future site of K-Star World – and a walkthrough of Starfield Hanam, one of South Korea's premier mixed-use cultural and retail destinations. New Murabba is envisioned as a next-generation urban district where innovation, livability, and culture converge. Anchored by immersive architecture and human-centric planning, the development is redefining how global cities are designed, experienced, and sustained. K-Star World, currently in development by Hanam City, is a landmark cultural tourism complex. Spanning entertainment, hospitality, retail, and creative experiences, it aims to become a leading international destination that celebrates South Korean creativity while integrating smart-city infrastructure and public realm design. 'Hanam City has a compelling vision that blends local culture with global ambition,' said Michael Dyke, CEO of New Murabba. 'Our visit highlighted just how aligned our goals are – to build places where people thrive, where innovation is integrated, and where culture shapes the everyday experience.' During the visit, Michael Dyke expressed strong interest in Hanam's high-quality residential environment, livability, and the city's holistic approach to urban development – particularly its efforts to create integrated communities that enhance residents' well-being. This exchange reflects New Murabba's commitment to shaping the future of urban living through global partnerships, learning, and innovation – advancing a shared vision where life, work, and culture thrive in harmony.
Leaders
08-07-2025
- Business
- 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
Korea Herald
01-07-2025
- Business
- Korea Herald
S. Korea at heart of Saudi Vision 2030's smart city project: NMDC CEO
Naver Cloud forms first Korean partnership with the mega smart city project to work on autonomous and smart technologies Under Saudi Arabia's Vision 2030, a massive urban development is underway in Riyadh that aims to transform not only the kingdom's capital but the entire Middle East, according to Michael Dyke, CEO of New Murabba Development Company, a wholly owned subsidiary of Saudi Arabia's Public Investment Fund. South Korea is emerging as a key partner for the New Murabba project, leveraging its advanced technology and strong cultural ties to Saudi Arabia. 'Korea's advantage is that it already has a history and track record of operating within the kingdom,' Dyke said in an interview with The Korea Herald on the sidelines of the New Murabba Investment and Partnership Forum held Monday in Seoul. He referred to the economic boom of the 1970s and 1980s, when Korean construction companies were instrumental in developing Saudi Arabia's infrastructure. 'The relationships are long and strong, and partnerships with Saudi companies are already well established from within South Korea,' he added. Dyke pointed to three pillars of partnerships with Korea: industrial, technological and real estate. 'One thing I would emphasize is that because of the scale of New Murabba, there will be multiple partnerships required to cover all areas,' he noted. New Murabba, spanning 19 square kilometers in Riyadh, is envisioned as a mega-sized smart city. At its center will be the Mukaab, a 400-meter-tall cuboid skyscraper that will house residences, retail, hospitality, cultural and leisure facilities under a single dome. Set to be the largest structure by volume, the Mukaab will be spacious enough to fit 20 Empire State Buildings. Construction is already underway, with completion targeted for 2030. 'We're in the capital city of Riyadh, and New Murabba will become the downtown of the capital city of the Middle East. The Mukaab, where we will have the high-tech core, will be the beating heart of this downtown,' Dyke said. Regarding the integration of Korean culture into the project, Dyke responded with enthusiasm. 'The simple answer is yes. With 100 million annual visits projected for the Mukaab, and 35 percent of those being international visitors, we need familiarity in food, retail and entertainment,' he quipped. He highlighted that his interest in Seoul is rooted in how it 'pushes the boundaries of technology and redefines how entertainment and food and beverage experiences are created.' In the years ahead, as Saudi Arabia prepares to host Expo 2030 and the FIFA World Cup in 2034, Dyke is confident that New Murabba will be ready to welcome millions of visitors with its state-of-the-art stadiums and integrated transit connectivity. 'So we are designing our city to be smart from the very beginning, and that's where our collaboration with Naver comes in, helping us ensure the city is future-proof for generations to come, not just for the next five, 10 or 20 years.' Despite ongoing tensions in the Middle East, Dyke appeared unconcerned, calling it a fact of life in today's world of constant change. 'Clearly, some things have happened more recently in the Middle East, but I know that much of the region is back to normal,' he said. 'It remains business as usual." On the day of the forum, Naver Cloud signed a memorandum of understanding with New Murabba, becoming the project's first Korean partner. The agreement opens the door to future collaboration in areas such as robotics, autonomous driving and smart city platforms, according to NMDC. 'Mukaab is a very complex ecosystem and requires companies of scale to match its scale,' Dyke said, explaining that Naver's technological prowess and capacity align with their needs. New Murabba plans to explore future collaborations in Seoul through a two-day closed-door forum on Tuesday and Wednesday, where more than 500 participants, including company executives, investors and government officials, engage in discussions on investment and partnership opportunities under Saudi Arabia's Vision 2030. minmin@
