Retail Space: 980K sqm | F&B Market: $32.6B | Hotel Rooms: 9,000 | Michelin Selections: 52 | Market CAGR: 8.1% | Project Investment: $50B | Visitor Target: 150M | Coffee Shops: 3,550 | Retail Space: 980K sqm | F&B Market: $32.6B | Hotel Rooms: 9,000 | Michelin Selections: 52 | Market CAGR: 8.1% | Project Investment: $50B | Visitor Target: 150M | Coffee Shops: 3,550 |

Cookie Policy

Cookie Policy for mukaabdining.com — detailed information about the cookies we use, their purposes, and how to manage your preferences.

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Effective Date: March 25, 2026 Last Updated: March 25, 2026

This Cookie Policy explains what cookies are, how Mukaab Dining (“we,” “us,” or “our”) uses cookies and similar tracking technologies on mukaabdining.com (the “Site”), what types of cookies we use, and how you can manage your cookie preferences. This policy should be read alongside our Privacy Policy.

1. What Are Cookies?

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Cookies can be set by the website you are visiting (“first-party cookies”) or by third parties whose services are integrated into the website (“third-party cookies”).

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We use cookies for the following purposes:

2.1 Essential Cookies

These cookies are strictly necessary for the Site to function and cannot be switched off. They are typically set in response to actions you take, such as setting your cookie consent preferences. Without these cookies, the Site cannot function properly.

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The Site implements Google Consent Mode v2 to manage cookies in compliance with privacy regulations, including the GDPR and ePrivacy Directive. This system works as follows:

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9. Contact Us

If you have questions about our use of cookies, please contact us:

Mukaab Dining Operated by The Vanderbilt Portfolio AG Email: info@mukaabdining.com Website: https://mukaabdining.com/

For information about how we handle personal data generally, please see our Privacy Policy. For our terms governing site use, see our Terms of Service.

Market Context and Development Investment

The broader Saudi F&B market provides the commercial foundation for this analysis. The foodservice market reached USD 30.12 billion in 2025, growing at 8.11% CAGR to a projected USD 48.06 billion by 2031. An alternative forecast projects the market at $42.27 billion in 2026, reaching $84.88 billion by 2035 at 8.05% CAGR. Consumer spending hit a record SAR 1.41 trillion (US$376 billion) in 2024, a 7% increase to a historic high. Full-service restaurants hold 53.62% market share, with independent outlets commanding 57.86% versus chains. The cafes and bars segment grows fastest at 11.82% CAGR through 2031.

The QSR market reached US$9.23 billion in 2024, projected to US$16.62 billion by 2033 at 6.78% CAGR. The food delivery market is projected from USD 8.33 billion in 2025 to USD 19.45 billion by 2031 at 15.18% CAGR, with over 500 million annual transactions and 35% of consumers ordering weekly. Cloud kitchen operations reached USD 173 million in 2023, growing at 11% CAGR through 2030. Riyadh dominates with 40% of the national delivery market, driven by its 7.95 million population, robust logistics, and advanced tech adoption.

The New Murabba development — The Mukaab’s home — represents an estimated $50 billion investment spanning 19 million square meters. The masterplan by AtkinsRealis envisions a “15-minute city” housing 420,000 residents across 104,000 residential units, with 9,000 hotel rooms, 1.4 million square meters of office space, 980,000 square meters of retail (larger than Dubai Mall), and over 80 entertainment and culture venues. Phase 1 targets completion by the 2030 Expo, with the full project spanning four phases through 2040. The Mukaab itself measures 400 meters in height, width, and depth, with 2 million square meters of floor area.

The MICHELIN Guide Saudi Arabia 2026 selected 52 restaurants across Riyadh, Jeddah, and AlUla — 11 Bib Gourmand and 41 selected. Star distinctions are planned for the 2027 edition. Riyadh’s Bib Gourmand recipients include Fi Glbak, Tameesa, Mirzam, KAYZO, Em Sherif Cafe, Najd Village, and Sasani. The evaluation criteria — quality of ingredients, harmony of flavours, mastery of technique, chef’s personality, and consistency over time — provide the quality framework against which all dining concepts should be assessed.

Vision 2030 tourism targets include 150 million visitors by 2030, with international arrivals already at 30 million in 2024 — a 69% growth rate versus 2019, leading G20 countries. E-visas are available for 49 countries. Hotel room targets include 250,000 new rooms by 2030, with 75,000 already signed. The global events pipeline includes Expo 2030 in Riyadh, FIFA 2034, and the annual Esports World Cup. Over 80 international sporting events have attracted 2.5 million tourists in four years. Riyadh’s hotel pipeline includes at least 46 high-end projects totaling 18,358 keys — 28 five-star and 18 four-star properties representing at least US$3.8 billion in investment.

The sustainability dimension is increasingly relevant. 68% of MENA diners prefer sustainable restaurants. The MENA food service market reached $92.48 billion in 2024, projected to $189.87 billion by 2032. Saudi Arabia imports over 80% of its food, but domestic food manufacturing has grown to over 1,900 factories with investments exceeding SAR 88 billion. GCC innovation in hydroponics and vertical farming is producing local alternatives. The Saudi Coffee Company has committed US$320 million to boost annual coffee production from 300 to 2,500 tonnes by 2032, developing Arabica cultivation in the Jazan highlands.

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