Economy

Misk reveals details on the masterplan for Prince Mohammed Bin Salman Nonprofit City

Follow-ups -eshrag News:

Sat, 2022-03-05 18:16

RIYADH: Mohammed bin Salman Foundation — known as Misk — releases the details on the masterplan for Prince Mohammed Bin Salman Nonprofit City, the first of its kind in the world.

The city, according to a statement, occupies an area of approximately 3.4 square kilometers.

Commercial areas in the city are estimated to cover more than 306,000 square meters, with an estimated workforce to reach approximately 20,000.

Green areas

Overall, the city embodies a human-centered, advanced digital metropolis designed to be sustainable and pedestrian-friendly. Over 44 percent of the city’s total area will be dedicated to open green spaces in the continued advancement of its sustainable development.

Further details surrounding the ongoing development and progress of Prince Mohammed Bin Salman Nonprofit City will be announced in the coming months.

Around 99,000 square meters have been allocated for retail, entertainment, and food and beverage outlets serving both residents and visitors alike.

The city’s general masterplan includes residential areas with 500 villas and townhouses, as well as 6,000 apartments with multiple floor plans; all are anticipated to accommodate nearly 18,000 residents.

Wadi Hanifa lies to the north of the city, while the Irqah neighborhood lies to the south, along Western Ring Road.

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