Riyadh: New Murabba, a Public Investment Fund company and the master developer of Riyadh's modern downtown, announced in a press release an investment partnership with Almana Medical Group for the development of a general hospital within the destination. The project represents a total planned investment of approximately SAR1 billion, underscoring strong investor confidence in New Murabba's vision and its ability to attract strategic partners that contribute to the delivery of world-class community infrastructure.
According to Saudi Press Agency, the planned hospital is expected to include 200 beds and offer a broad range of healthcare services, from emergency and trauma care to family medicine, pediatrics, neonatal care, orthopedics, cardiology, neurosciences, and other key specialties. The development aligns with Saudi Arabia's healthcare transformation agenda and broader Quality of Life objectives by expanding access to advanced healthcare services within a future-ready urban environment.
New Murabba is being developed to accommodate more than 280,000 residents, creating vibrant and integrated neighborhoods supported by innovative urban planning, architectural excellence, and a comprehensive network of community services that enhance quality of life and contribute to Riyadh's future growth.
Healthcare is a core component of New Murabba's masterplan, supporting the development of integrated neighborhoods designed around the 15-minute community concept, where residents can access essential services and amenities within a short walk or ride.
New Murabba Acting CEO Eng. Sabah Barakat said: 'The hospital will play a vital role within a broader ecosystem of community services designed to support the future residents and visitors of the destination while contributing to Saudi Arabia's healthcare transformation ambitions and quality of life goals. This investment partnership is the first of many intended partnership deals that we plan to announce in the coming months as we move from the planning phase of the project into the execution phase.'
Almana Medical Group CEO Professor Awad Al-Omari said: 'The group's investment in New Murabba represents a strategic healthcare investment that goes far beyond the traditional concept of real estate development.' He expressed the group's pride in being among the early investors in New Murabba and among the first partners contributing to bringing its ambitious vision to life.
This partnership forms part of New Murabba's broader efforts to create a world-class urban destination that enhances quality of life through integrated social infrastructure, accessible community services, and strategic partnerships that support sustainable growth, investment, and long-term value creation.