Saudi suppliers set to play bigger role in New Murabba development

The agreement aims to enhance national supply chains and maximise the contribution of Saudi industrial products across the project’s development phases.

New Murabba is one of the capital’s most prominent urban developments and forms part of the Kingdom’s broader efforts to align large-scale projects with local content and industrial development objectives.

The signing ceremony was attended by Eng Khalil bin Ibrahim bin Salamah, Vice Minister of Industry and Mineral Resources for Industrial Affairs, and Michael Dyke, Chief Executive Officer of New Murabba Company. The memorandum was signed by Mamdouh Al-Quraishi, Chief Corporate Services Officer at New Murabba, and Eng. Albadr Adel Fouda, Acting Deputy Minister for Industrial Enablement.

MoU to strengthen local supply chains

Under the agreement, both parties will launch joint initiatives designed to expand the use of locally manufactured products and increase the involvement of Saudi suppliers in New Murabba’s construction and development activities.

The cooperation includes the exchange of knowledge and expertise, as well as the sharing of relevant data and information on local factories in line with project requirements and applicable regulations.

The memorandum also provides for the assessment of the readiness of national factories to meet project needs. This will include compiling detailed lists of qualified manufacturers, analysing factors related to product and supplier selection, and developing recommendations aimed at improving the competitiveness of local products.

Al-Quraishi said local industry is a core pillar of New Murabba’s development strategy, noting that the project has moved from the planning stage into active implementation. He said the agreement with the Ministry of Industry and Mineral Resources is intended to deepen cooperation with Saudi factories, support national supply chains in the real estate and construction sectors, and ensure the project contributes directly to the Kingdom’s wider economic ambitions.

The agreement reflects a shared commitment by both parties to embed local content within strategic urban developments and to strengthen integration between the industrial and real estate sectors. It is expected to open new opportunities for Saudi manufacturers to participate in major development projects, while supporting the creation of a globally competitive urban destination grounded in sustainability and innovation.

New Murabba is backed by the Public Investment Fund and is a key component of Riyadh’s long-term urban transformation, supporting economic diversification and industrial growth in line with national development priorities.