Michael Dyke

Spear’s Review

Michael Dyke is the CEO of New Murabba Development Company, the firm behind New Murabba, a futuristic residential, business, retail and entertainment development in Riyadh, Saudi Arabia.

A wholly owned subsidiary of Saudi Arabia’s Public Investment Fund (PIF) and launched in line with Crown Prince Mohammed bin Salman’s ambitious Vision 2030 programme, New Murabba aims to ‘redefine urban downtown living’. There are plans to build 100,000 residential units, and Dyke has said the project could create up to 300,000 jobs once it’s fully up and running. Computer-generated images create the impression of a city centre that more closely resembles the set of Hollywood’s latest sci-fi blockbuster than any UK high street.

‘New Murabba is part of Riyadh. It’s an extension of one of the coolest capital cities in the world. It’s a fantastic opportunity for people to come and learn and develop and play their best shots,’ Dyke says in a promotional video for the development.

Now based in Saudi Arabia, Dyke previously held senior positions at EDF, National Grid, Lendlease and Skanska. Most recently he served as CEO for HS2 major projects at Balfour Beatty.