New Murabba, King Khalid Foundation Sign MoU to Promote Sustainable Development

New Murabba Development Company, a PIF establishment, has signed a memorandum of understanding with the King Khalid Foundation to advance sustainable development initiatives across the Kingdom.

The MoU, signed by King Khalid Foundation CEO Princess Nouf bint Muhammad bin Abdullah Al Saud and New Murabba CEO Michael Dyke, aims to enhance synergies between the private and non-profit sectors, leveraging the King Khalid Foundation’s sustainability and urban planning expertise.

It will focus on developing innovative solutions for sustainable technologies and green building practices, advocating for environmentally responsible initiatives locally and internationally, and strengthening sustainability capacities within the Kingdom.

Key initiatives include launching the first Green Building Hackathon, supporting green opportunity grants in Riyadh, researching sustainable urban development practices, and implementing programs centered on social entrepreneurship and innovation.