OFF SCHEDULE

Saudi Arabia delays completion date for New Murabba to 2040

Still due in 2030 is the massive centerpiece known as the Mukaab, a cube-shaped tower housing a shopping mall, hotels, restaurants and housing

New Murabba

Artist's rendering of the Mukkab, the cube-shaped tower at the center of the New Murabba project

Saudi Arabia’s Public Investment Fund is pushing the deadline forward 10 years for New Murabba, one of its flagship mega-projects for redeveloping the kingdom’s sprawling capital city of Riyadh.

Facing growing deficits and falling oil prices, executives at...