News
Riyadh Developers Reveal New 45,000-Seat Murabba Stadium
The ambitious project, projected to be completed by 2032, will transform the Saudi capital’s downtown.
The New Murabba Development Company — part of Saudi Arabia’s Public Investment Fund (PIF) — has revealed its ambitious plans for a new state-of-the-art stadium for Saudi Arabia’s capital, Riyadh.
With a capacity exceeding 45,000 spectators, the Murabba Stadium will transform the city’s landscape and become an international hub for sports, entertainment and culture.
Michael Dyke, Al Murabba CEO, underscored the stadium’s significance, explaining, “This new stadium embodies Riyadh’s evolution into a vibrant global hub. It underscores our commitment to developing world-class infrastructure that showcases Saudi Arabia’s ongoing transformation”.
The massive architectural project, earmarked for completion by the end of 2032, will be far more than a simple sports and event venue. Its innovative structure, inspired by the multi-layered, scaly bark of the acacia tree, represents the coming together of Saudi tradition and modern innovation. This design philosophy is part of an overriding vision for a completely new square in Riyadh’s downtown area.
The Murabba Stadium is designed to provide an unrivaled experience for sports fans and event goers, with multi-purpose configurations that allow concerts, gaming tournaments, exhibitions, and educational gatherings to be hosted.
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The building is expected to play a vital role in boosting Riyadh’s tourist and consumer economy, and designers hope that the development will also help to further the Kingdom’s ambitious development goals and Vision 2030 strategy.
With its breathtaking design and multifunctional event-hosting capabilities, the Murabba Stadium is set to become an iconic Riyadh landmark, epitomizing the capital city’s aspirations and Saudi Arabia’s dynamic future as it diversifies away from an oil-based economy.
News
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
The e-commerce startup is aiming to tap into the Kingdom’s underdeveloped e-grocery sector with a tech-first, locally rooted strategy.
Rabbit, an Egyptian-born hyperlocal e-commerce startup, is expanding into the Saudi Arabian market, setting its sights on delivering 20 million items across major cities by 2026.
The company, founded in 2021, is already operational in the Kingdom, with its regional headquarters now open in Riyadh and an established network of strategically located fulfillment centers — commonly known as “dark stores” — across the capital.
The timing is strategic: Saudi Arabia’s online grocery transactions currently sit at 1.3%, notably behind the UAE (5.3%) and the United States (4.8%). With the Kingdom’s food and grocery market estimated at $60 billion, even a modest increase in online adoption could create a multi-billion-dollar opportunity.
Rabbit also sees a clear alignment between its business goals and Saudi Arabia’s Vision 2030, which aims to boost retail sector innovation, support small and medium-sized enterprises, attract foreign investment, and develop a robust digital economy.
The company’s e-commerce model is based on speed and efficiency. Delivery of anything from groceries and snacks to cosmetics and household staples is promised in 20 minutes or less, facilitated by a tightly optimized logistics system — a crucial component in a sector where profit margins and delivery expectations are razor-thin.
Despite the challenges, Rabbit has already found its stride in Egypt. In just over three years, the app has been used by 1.4 million customers to deliver more than 40 million items. Revenue has surged, growing more than eightfold in the past two years alone.
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CEO and Co-Founder Ahmad Yousry commented: “We are delighted to announce Rabbit’s expansion into the Kingdom. We pride ourselves on being a hyperlocal company, bringing our bleeding-edge tech and experience to transform the grocery shopping experience for Saudi households, and delivering the best products – especially local favorites, in just 20 minutes”.
The company’s growth strategy avoids the pitfalls of over-reliance on aggressive discounting. Instead, Rabbit leans on operational efficiency, customer retention, and smart scaling. The approach is paying off, having already attracted major investment from the likes of Lorax Capital Partners, Global Ventures, Raed Ventures, and Beltone Venture Capital, alongside earlier investors such as Global Founders Capital, Goodwater Capital, and Hub71.
Rabbit Expands Hyperlocal Delivery Service In Saudi Arabia
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