New Murabba, a Public Investment Fund company, has signed a memorandum of understanding (MoU) with the US Green Building Council (USGBC) to establish a framework for exploring potential collaboration in sustainable urban development.
The two parties will explore how global sustainability frameworks, including LEED (Leadership in Energy and Environmental Design), can be integrated into the development.
This will involve examining advanced models such as LEED v5 and LEED for Communities, as well as identifying opportunities to enhance design, construction, and operational practices in line with global best practices.
Furthermore, both organizations will also explore areas such as knowledge exchange, training, sustainable community development, and alignment with international benchmarks that promote long-term environmental performance
Eissa Almunif Chief Business Excellence Officer New Murabba Company
“This MoU is an important step in our journey of learning, innovation, and sustainability. Working with the US Green Building Council allows us to explore how global best practices can shape the future of New Murabba. Our aim is to create a destination that places people, the planet, and long-term prosperity at its center.”
Peter Templeton, President and CEO of USGBC and Green Build Certification Inc. (GBCI), said that, “We are proud and honored to partner with New Murabba as it creates a new downtown for residents, businesses, and visitors of Riyadh.”
“Through this agreement, we look forward to supporting the PIF Company’s commitment to building sustainability and the pursuit of LEED certification. And we are excited to work together to share New Murabba’s lessons in leadership and innovation with stakeholders everywhere through education and knowledge exchange,” Templeton added.
New Murabba’s Platinum Membership with USGBC
In addition to the MoU, New Murabba has officially joined the US Green Building Council (USGBC) as a Platinum member, marking a significant milestone in its commitment to sustainability. This membership reflects the company’s dedication to becoming a leader in sustainable urban development, with access to the latest green building technologies, resources, and expertise.
