The Mukaab · Events Intelligence Platform

Mukaab Events

The World's Most Ambitious MICE & Events Destination

MICE investment intelligence covering conference infrastructure, exhibition economics, global summit hosting, and the rapidly expanding Saudi business events market.

Independent Intelligence Disclaimer

This platform provides independent analysis for informational purposes only. Content does not constitute financial, investment, legal, or professional advice. Always consult qualified professionals before making investment decisions. This platform is not affiliated with, endorsed by, or officially connected to New Murabba Development Company, the Public Investment Fund (PIF), or any Saudi government entity. All analysis represents independent editorial judgment. Full Disclaimer

Advertisement
Featured Intelligence

What We Track

Institutional-grade intelligence covering every dimension of events development inside The Mukaab and New Murabba.

🏛️
SUMMIT INFRASTRUCTURE

Global Conference Investment

How The Mukaab positions Riyadh to host G20-scale summits and World Expos — infrastructure investment analysis, capacity modeling, and government hosting economics.

🎪
EXHIBITION INVESTMENT

Trade Show Economics

Purpose-built exhibition halls, flexible event spaces, and commercial investment frameworks for world-class trade shows across 2.6 million square meters.

💼
MICE MARKET DATA

Business Events Intelligence

Saudi Arabia's MICE sector investment analysis — market sizing, growth projections, operator economics, government incentives, and competitive positioning vs Dubai and Singapore.

📅
EVENT PROGRAMMING

Revenue & Scheduling

Annual programming economics, event calendar optimization, seasonal demand analysis, and revenue modeling for The Mukaab and New Murabba district events infrastructure.

Market Intelligence Snapshot · February 2026

Key Figures & Developments

$925BPIF Assets Under ManagementWorld's largest sovereign wealth fund backing New Murabba
$50BNew Murabba Estimated CostEstimated by Knight Frank — equivalent to Jordan's GDP
104,000Residential Units PlannedServing 400,000 residents in a 15-minute walkable district
2040Revised Completion TargetExtended from 2030 — phased delivery across the district

The New Murabba Development Company — a wholly-owned subsidiary of the Public Investment Fund and chaired by Crown Prince Mohammed bin Salman — is developing Riyadh's planned new downtown. The district centers on The Mukaab, a 400-meter cube-shaped megastructure designed to house 2.6 million square meters of immersive hospitality, retail, entertainment, and events infrastructure. In January 2026, Parsons Corporation was awarded the design and construction management contract for the broader district, while construction of The Mukaab superstructure itself was paused for financial and technical review per Reuters.

The Capital Market Authority (CMA) opened Saudi capital markets to all foreign investors effective February 1, 2026 — eliminating the Qualified Foreign Investor framework. Simultaneously, the Non-Saudi Real Estate Ownership Law (effective January 22, 2026) expanded foreign property ownership rights across the Kingdom. Saudi Arabia also approved 9 companies for real estate tokenization under a regulatory sandbox, with final regulations expected June 2026. These combined reforms create the most favorable investment environment for events-related opportunities in Saudi history, tracked in detail by Vision 2030 AI.

Advertisement
Research & Analysis

Intelligence Silos

Deep-dive research organized by vertical — original analysis, data, and strategic intelligence for institutional investors and industry professionals.

Venue Investment Analytics

Capacity modeling, infrastructure specifications, construction costs, and revenue projections for The Mukaab's event venues.

15 Reports

MICE Market Intelligence

Business events market sizing, operator economics, government incentive frameworks, and ROI analysis for MICE infrastructure investment.

13 Reports

Event Programming Economics

Cultural festivals, technology summits, trade shows — commercial viability analysis and recurring revenue modeling.

11 Reports

Competitive Landscape

Global MICE benchmarking, hybrid event technology investment, sustainability in events, and GCC competitive landscape analysis.

9 Reports
Pillar Intelligence Report

Saudi Arabia's MICE & Events Revolution: Expo 2030, FIFA 2034, LEAP Conference & The Mukaab as a Global Venue

Updated February 2026 · Independent Analysis · Not Financial Advice

Executive Summary: The World's Most Ambitious Events Pipeline

Saudi Arabia has secured the world's two largest upcoming mega-events — Expo 2030 Riyadh and FIFA World Cup 2034 — while simultaneously building the Middle East's largest exhibition and conference infrastructure. The SCEGA reports 32% YoY exhibition capacity growth with 300,520 sqm of national exhibition space. The Mukaab was designed to house the world's largest indoor event venue. While superstructure construction was paused January 2026 per Reuters, the Kingdom's events infrastructure investment continues at historic pace, tracked by Vision 2030 AI.

Advertisement

Expo 2030 Riyadh: $7.8 Billion, 42 Million Visits

Expo 2030 Riyadh — awarded to Riyadh in November 2023 — will run from October 1, 2030 to March 31, 2031 across a 6 million sqm site. Capital expenditure is budgeted at $7.8 billion, with 42 million visits projected. As of February 2026, 1.5 million sqm (25%) of the site has been levelled, with building construction scheduled to begin Q3 2026.

Key delivery partners: Bechtel (Program Management Consultant), Buro Happold (Lead Design Consultant), and Nesma & Partners (utilities infrastructure package). The Expo site will become a permanent mixed-use district post-event, following the Dubai Expo 2020 model that generated $7.5 billion in post-event real estate value. McKinsey Global Institute estimates Expo 2030 will generate $30–40 billion in total economic impact for Saudi Arabia.

FIFA World Cup 2034: $20B+ Stadium Programme

Saudi Arabia will host the FIFA World Cup 2034 across 5 cities with 15 stadiums (11 new-build) and total infrastructure investment exceeding $20 billion. The flagship King Salman International Stadium in Riyadh — designed by Populous with structural engineering by Arup — will seat 92,760 with a 2029 completion target. Additional venues span Jeddah, Dammam, Al Khobar, and NEOM.

FIFA 2034 extends the infrastructure investment cycle beyond Expo 2030, providing sustained MICE demand through the mid-2030s. For events investors, the combination of permanent venues, global broadcasting rights, and 32-team tournament format (expanding to 48 teams in 2026 onwards) creates a multi-billion-dollar hospitality revenue opportunity.

Advertisement

LEAP 2025: The World's Largest Tech Conference

LEAP 2025 — Saudi Arabia's flagship technology conference — attracted 201,000+ visitors and 1,800 exhibitors, with attendees representing $22 trillion+ in assets under management. LEAP has grown into the world's most-attended technology conference, surpassing CES and MWC in visitor numbers. The conference anchors Riyadh's position as a global technology hub, with SDAIA and Ministry of Investment using the event to announce major policy initiatives.

Future Investment Initiative (FII): $50B+ Agreements

FII 9 (October 2025) generated $50 billion+ in investment agreements, bringing the cumulative total since FII's inception to $250 billion. Known as "Davos in the Desert," FII attracts sovereign wealth funds, institutional investors, and Fortune 500 CEOs. The conference is held at King Abdullah Financial District, whose 15.46km skyway holds a Guinness World Record as the world's longest connected walkway. KAFD hosts 140+ tenants including 75+ regional headquarters.

Advertisement

Exhibition Infrastructure: 300,520 sqm National Capacity

SCEGA reports Saudi Arabia's exhibition capacity grew 32% YoY to 300,520 sqm nationally. The Riyadh Exhibition and Convention Center (RECC), the Jeddah Superdome, and the under-construction Riyadh International Convention Center anchor the national MICE infrastructure. For The Mukaab, the 2.6 million sqm internal space was designed to accommodate exhibition halls, convention facilities, and multi-purpose event spaces at a scale exceeding any existing venue globally.

The Mukaab as a Global Venue

The Mukaab was conceived as the world's largest enclosed event space — capable of hosting simultaneous conferences, exhibitions, concerts, and immersive experiences within a single 400-meter cube. While superstructure construction is paused, the New Murabba Development Company district's 45,000-seat multi-purpose stadium and surrounding convention infrastructure continue development. The district's 10,100 hotel rooms provide the accommodation capacity required for international mega-events.

Tourism and Events Convergence

The Saudi Tourism Authority strategy integrates events and tourism: 122 million visitors in 2025, generating ~$81 billion. Riyadh Season (20M visitors, SAR 6B revenue) demonstrates the flywheel between entertainment programming and tourist arrivals. The UN World Tourism Organization and World Travel & Tourism Council both rank Saudi Arabia among the world's fastest-growing tourism markets, with events infrastructure as a primary driver.

Investment Risk Factors

Key risks: Mukaab venue timeline uncertainty, competition from Dubai/Abu Dhabi for conferences, global recession impact on corporate travel budgets, and the challenge of building hospitality workforce at scale. Mitigants: non-negotiable Expo 2030 and FIFA 2034 deadlines creating guaranteed demand, PIF capital commitment, and existing proof points (LEAP 201K+ visitors, FII $50B+ agreements).

Conclusion

Saudi Arabia's MICE sector — anchored by Expo 2030 ($7.8B), FIFA 2034 ($20B+), LEAP (201K visitors), and FII ($250B cumulative) — is the world's fastest-growing events market. The Mukaab's venue potential remains the long-term anchor. Track via Vision 2030 AI, Expo 2030 Riyadh, and SCEGA.

Frequently Asked Questions

What is Expo 2030's status?

6M sqm site, $7.8B capex, 42M visits projected. 1.5M sqm (25%) levelled by February 2026. Building construction Q3 2026. Bechtel (PMC), Buro Happold (Design), Nesma (utilities). October 1, 2030–March 31, 2031.

How many FIFA 2034 stadiums?

15 stadiums (11 new-build), 5 cities, $20B+. King Salman Stadium: 92,760 capacity, 2029 target. Venues in Riyadh, Jeddah, Dammam, Al Khobar, NEOM.

How large is LEAP conference?

201,000+ visitors, 1,800 exhibitors, $22T+ AUM represented. World's most-attended tech conference, surpassing CES and MWC.

What are FII's investment totals?

FII 9: $50B+ agreements. Cumulative: $250B since inception. Held at KAFD (140+ tenants, 75+ regional HQs, 15.46km skyway Guinness record).

What is Saudi exhibition capacity?

300,520 sqm nationally, 32% YoY growth (SCEGA). Major venues: RECC, Jeddah Superdome, Riyadh International Convention Center (under construction).

How was The Mukaab designed as a venue?

World's largest enclosed event space: 2.6M sqm for simultaneous conferences, exhibitions, concerts, immersive experiences. Paused but district stadium (45,000 seats) continues.

What is Riyadh Season's event impact?

2024-25: 20M visitors (+47.6%), SAR 6B revenue. Template for programming mixed-use entertainment districts at massive scale.

What is Expo 2030's economic impact?

McKinsey estimates $30–40B total economic impact. Post-event: permanent mixed-use district (Dubai Expo 2020 generated $7.5B post-event real estate value).

How many hotel rooms support events?

New Murabba: 10,100 rooms. Nationally: 300,000+ keys targeted by 2030. Riyadh adding 25,000+ rooms across giga-projects and commercial developments.

What are Soundstorm's numbers?

500,000 attendees, 14 stages, 250+ acts. One of world's largest music festivals. Demonstrates Saudi mega-event delivery capacity.

How many tourists visit Saudi?

122M (2025), ~$81B spending. Target 150M by 2030. Events infrastructure is primary tourism driver per UNWTO and WTTC.

What are MICE investment risks?

Mukaab timeline, Dubai/Abu Dhabi competition, corporate travel sensitivity, workforce scaling. Mitigated by Expo 2030/FIFA 2034 guaranteed demand and PIF commitment.

What is KAFD's role in events?

Hosts FII and major conferences. 140+ tenants, 75+ regional HQs, 15.46km skyway (Guinness record). World's largest LEED ND Platinum certification.

Is The Mukaab venue concept cancelled?

No. Superstructure paused. District's 45,000-seat stadium, convention infrastructure, and 10,100 hotel rooms continue independently.

What is the Esports World Cup?

2025: $71.5M prizes, 26 events. 2026: $75M including $30M Club Championship. World's richest esports tournament, permanently based in Saudi Arabia.

How does Saudi MICE compare globally?

Fastest-growing: 32% YoY capacity growth. Securing world's largest events (Expo, FIFA, EWC). LEAP already surpasses CES/MWC in attendance. $64B+ entertainment investment since 2016.

Frequently Asked Questions

Key Questions Answered

The Mukaab's 2.6 million square meters can accommodate simultaneous large-scale conferences, exhibitions, and cultural events. Saudi Arabia's MICE sector is projected to exceed $10 billion by 2030, driven by Vision 2030 tourism targets, Riyadh's Expo 2030 hosting, and government investment. Investment opportunities include venue management contracts, event technology infrastructure, hospitality services, and exhibition operations.
At 400 meters per side, The Mukaab would dwarf venues like Singapore's Marina Bay Sands, Dubai's DWTC, and Las Vegas Convention Center. Riyadh has demonstrated hosting capability with the G20 summit (2020) and Future Investment Initiative. The city's rapid infrastructure expansion — including Riyadh Metro and new hospitality capacity — positions it as an emerging global MICE destination.
Well-managed MICE venues in premium markets generate diversified revenue from venue hire, F&B catering, exhibition services, technology rental, sponsorship, and ancillary hospitality. Global benchmarks suggest 12-20% operating margins for tier-one conference centers, with Riyadh's growing demand and limited current supply supporting premium pricing power.
Saudi Arabia offers investor incentives through the Saudi Convention & Exhibition General Authority, including licensing support, visa facilitation for international delegates, marketing co-investment, and infrastructure grants. The Saudi Tourism Development Fund and National Development Fund also provide financing for hospitality and events infrastructure.
The broader New Murabba district continues development toward 2040 completion. While The Mukaab superstructure was paused in January 2026 for financial review, surrounding event infrastructure progresses. Early-phase venues in the district may be available before the main structure's completion.
The Mukaab's events technology stack includes the world's largest AI-powered immersive display, 5G+ connectivity infrastructure, holographic projection systems, and spatial computing capabilities. Technology investment opportunities span AV systems integration, hybrid event platforms, digital twin simulation, and smart venue management systems.
Advertisement
Mukaab Intelligence Network

13 Platforms. One Megastructure. Complete Intelligence.

Independent analysis across every dimension of The Mukaab and New Murabba district — from architecture to wellness, investment to technology.

Independent Intelligence Disclaimer

This platform provides independent analysis for informational purposes only. Content does not constitute financial, investment, legal, or professional advice. Always consult qualified professionals before making investment decisions. This platform is not affiliated with, endorsed by, or officially connected to New Murabba Development Company, the Public Investment Fund (PIF), or any Saudi government entity. All analysis represents independent editorial judgment. Full Disclaimer