The Mukaab · Wellness Intelligence Platform

Mukaab Wellness

Wellness Architecture & Medical Tourism at Scale

Wellness investment intelligence — luxury spa development, medical tourism economics, longevity clinic investment, and the $5B+ Saudi wellness market.

Independent Intelligence Disclaimer

This platform provides independent analysis for informational purposes only. Content does not constitute financial, investment, legal, or professional advice. Always consult qualified professionals before making investment decisions. This platform is not affiliated with, endorsed by, or officially connected to New Murabba Development Company, the Public Investment Fund (PIF), or any Saudi government entity. All analysis represents independent editorial judgment. Full Disclaimer

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Featured Intelligence

What We Track

Institutional-grade intelligence covering every dimension of wellness development inside The Mukaab and New Murabba.

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SPA INVESTMENT

Luxury Wellness Development

Ultra-luxury spa economics — development costs, operator contracts, revenue per treatment room, and investment returns for wellness hospitality inside The Mukaab.

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FITNESS INVESTMENT

Performance Center Economics

Boutique fitness franchise investment, sports medicine clinic economics, performance lab development, and the commercial frameworks for fitness infrastructure.

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MEDICAL WELLNESS

Longevity Clinic Investment

Preventive health centers, AI-powered diagnostics, longevity science — medical wellness investment analysis and the convergence of medicine and hospitality.

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MARKET INTELLIGENCE

Wellness Economy Data

Saudi Arabia's $5B+ wellness market, medical tourism revenue ($2.5M visitor target), consumer spending trends, and GCC health economy investment analysis.

Market Intelligence Snapshot · February 2026

Key Figures & Developments

$925BPIF Assets Under ManagementWorld's largest sovereign wealth fund backing New Murabba
$50BNew Murabba Estimated CostEstimated by Knight Frank — equivalent to Jordan's GDP
104,000Residential Units PlannedServing 400,000 residents in a 15-minute walkable district
2040Revised Completion TargetExtended from 2030 — phased delivery across the district

The New Murabba Development Company — a wholly-owned subsidiary of the Public Investment Fund and chaired by Crown Prince Mohammed bin Salman — is developing Riyadh's planned new downtown. The district centers on The Mukaab, a 400-meter cube-shaped megastructure designed to house 2.6 million square meters of immersive hospitality, retail, entertainment, and wellness infrastructure. In January 2026, Parsons Corporation was awarded the design and construction management contract for the broader district, while construction of The Mukaab superstructure itself was paused for financial and technical review per Reuters.

The Capital Market Authority (CMA) opened Saudi capital markets to all foreign investors effective February 1, 2026 — eliminating the Qualified Foreign Investor framework. Simultaneously, the Non-Saudi Real Estate Ownership Law (effective January 22, 2026) expanded foreign property ownership rights across the Kingdom. Saudi Arabia also approved 9 companies for real estate tokenization under a regulatory sandbox, with final regulations expected June 2026. These combined reforms create the most favorable investment environment for wellness-related opportunities in Saudi history, tracked in detail by Vision 2030 AI.

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Research & Analysis

Intelligence Silos

Deep-dive research organized by vertical — original analysis, data, and strategic intelligence for institutional investors and industry professionals.

Spa & Wellness Investment

Luxury spa development economics, operator analysis, revenue modeling, and investment returns for wellness hospitality.

15 Reports

Fitness & Performance Investment

Boutique fitness franchise economics, sports medicine clinic investment, and performance center development analysis.

13 Reports

Medical Wellness Investment

Longevity clinics, preventive health, AI diagnostics — medical wellness investment returns and market projections.

11 Reports

Wellness Market Data

Saudi wellness market sizing, medical tourism revenue data, consumer trends, and GCC wellness economy investment frameworks.

10 Reports
Pillar Intelligence Report

Saudi Wellness Economy Intelligence: $19.8 Billion Market, World's #1 Growth Rate & The AMAALA Ultra-Luxury Wellness Destination

Updated February 2026 · Independent Analysis · Not Financial Advice

Executive Summary: Saudi Arabia's Wellness Transformation

The Global Wellness Institute ranks Saudi Arabia as the world's #1 wellness economy growth leader, expanding at 12.2% annually (2019-2024). The Kingdom's wellness market reached $19.8 billion, with the broader health and wellness sector projected to grow from $35.32 billion (2024) to $81.11 billion (2033) at 9.7% CAGR. The Public Investment Fund-backed AMAALA destination — 9 luxury resorts, 1,600+ keys — began phased opening in late 2025, anchoring Saudi Arabia's positioning as a global wellness hub. Brands include Clinique La Prairie (first global expansion, 74 rooms), Six Senses (100 suites), Four Seasons (202 keys), and Equinox (128 rooms, first Middle East hotel). Medical tourism is projected to grow from $1.6 billion (2025) to $8.9 billion (2034) at 20.71% CAGR. The fitness market reached $1.14 billion (2024), targeting $2 billion by 2030 at 9.85% CAGR. The Mukaab's wellness infrastructure targets this rapidly expanding market. Intelligence tracked by Vision 2030 AI.

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AMAALA: The Global Wellness Benchmark

Red Sea Global's AMAALA destination — branded as the "Riviera of the Middle East" — represents the most ambitious wellness resort development in history. Phase One invested SAR 51 billion across 9 resorts on Saudi Arabia's pristine northwest coastline. Key properties include: Clinique La Prairie (74 rooms, the legendary Swiss longevity clinic's first-ever standalone resort expansion), Six Senses (100 overwater and garden suites), Equinox (128 rooms, the luxury fitness brand's first Middle East hotel), Four Seasons (202 keys), and Rosewood (110 rooms). AMAALA's programming spans medical wellness, holistic retreats, marine conservation, art therapy, and sports performance — targeting ultra-high-net-worth individuals willing to spend $5,000-25,000+ per night.

For Mukaab wellness investors, AMAALA establishes Saudi Arabia's credibility as a wellness destination while demonstrating PIF's commitment to health-focused hospitality. The Mukaab's urban wellness proposition differs from AMAALA's coastal resort model: integrating wellness facilities into a dense urban environment, targeting daily wellness routines for 400,000 residents rather than destination retreats. Both models contribute to Saudi Arabia's Global Wellness Institute-tracked $19.8 billion wellness economy.

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Medical Tourism: $8.9 Billion by 2034

Saudi Arabia's medical tourism sector is projected to grow from $1.6 billion (2025) to $8.9 billion (2034) at 20.71% CAGR — among the highest growth rates globally. The Ministry of Health has invested in 44 new hospitals and specialty medical facilities. Key enablers include: the Kingdom's first dedicated medical tourism visa (launched 2023), partnerships with international hospital brands (Cleveland Clinic, Johns Hopkins, Mayo Clinic advisory), and regulatory reforms streamlining foreign patient access per the Saudi Tourism Authority.

Medical specialties driving growth include orthopedics, cardiology, cosmetic surgery, dentistry, ophthalmology, and reproductive medicine. Saudi Arabia's competitive advantages: significantly lower costs than US/European providers (40-60% discount per Deloitte Insights), world-class facilities, and cultural/linguistic alignment for Middle Eastern, African, and South Asian patients. The Mukaab's masterplan includes specialty wellness clinics positioned to capture medical tourism demand from the district's 10,100 hotel rooms and international visitor base.

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Fitness & Sports Performance: $2 Billion Market

Saudi Arabia's fitness market reached $1.14 billion (2024), projected to hit $2 billion by 2030 at 9.85% CAGR. The sector has transformed since 2018 when women were first permitted to access public gyms. Gym membership has grown at 25%+ annually, with premium/boutique concepts (F45, Barry's, Orangetheory) commanding SAR 500-1,200 monthly memberships. The General Entertainment Authority licensed 1,500+ fitness establishments between 2018-2025. Saudi Arabia's hosting of major sporting events — including FIFA 2034 (15 stadiums, $20 billion+ investment), Esports World Cup, and Formula 1 — elevates national fitness consciousness and drives sports infrastructure investment.

New Murabba's wellness infrastructure includes purpose-built fitness centers, running/cycling circuits within 2.3 million sqm of green space, Olympic-standard swimming facilities, and integrated sports medicine clinics. Qiddiya's Six Flags Qiddiya City — which opened December 31, 2025 with 79 acres and 28 rides including Falcon's Flight (world's tallest and fastest coaster) — adds adventure sports and active recreation to the broader Riyadh wellness ecosystem.

Longevity Science & Preventive Medicine

The global longevity economy — projected at $610 billion by 2030 per McKinsey Global Institute — is a strategic target for Saudi wellness investment. Clinique La Prairie's AMAALA outpost brings 92 years of Swiss longevity expertise to Saudi Arabia, offering DNA-based health assessments, regenerative medicine, and personalized aging interventions. The Kingdom's SDAIA is developing AI-powered predictive health platforms leveraging the national health data infrastructure. For Mukaab wellness tenants, longevity clinics represent the highest-value segment: $50,000-250,000 per program, targeting the region's estimated 200,000+ ultra-high-net-worth individuals.

Traditional & Holistic Wellness

Saudi Arabia's wellness renaissance integrates both cutting-edge science and traditional practices. Islamic wellness traditions — including prophetic medicine (Al-Tibb Al-Nabawi), herbal remedies, honey therapy, and cupping (hijama) — are being formalized into regulated wellness services. The Saudi Food & Drug Authority oversees herbal product regulation. Saudi Arabia's geographic assets — the Red Sea coast, volcanic landscapes of Harrat Rahat, and the Al Hejaz mountain range — provide natural wellness environments comparable to Iceland, New Zealand, and Bali. Red Sea Global's two destinations (AMAALA and The Red Sea) leverage marine environments for thalassotherapy, salt therapy, and marine-based treatments.

Wellness Real Estate: The Premium Effect

Global Wellness Institute research demonstrates that wellness-integrated real estate commands a 10-25% price premium over conventional equivalents globally. Features driving premiums include biophilic design, air and water purification, circadian lighting, fitness integration, green space access, and proximity to healthcare. New Murabba's design incorporates all of these elements at district scale — a competitive advantage over retrofitted wellness features in existing Riyadh developments. Knight Frank projects that wellness-positioned units within New Murabba will achieve pricing 15-20% above comparable non-wellness-branded stock, reflecting the documented global premium.

Mental Health & Digital Wellness

Saudi Arabia has dramatically expanded mental health infrastructure under Saudi Vision 2030. The Kingdom's first National Mental Health Strategy (launched 2023) targets universal access to mental health services. Digital wellness platforms — including Saudi-developed apps for meditation, therapy, and sleep optimization — have reached 5 million+ users. For Mukaab wellness operators, the mental health and digital detox segment represents growing demand: wellness tourism increasingly includes digital disconnection programs, mindfulness retreats, and corporate mental health programming per Global Wellness Institute.

Investment Risk Factors

Risks include: wellness sector immaturity (Saudi market still developing versus established destinations like Switzerland, Thailand, Bali), regulatory framework evolution, competition from UAE wellness developments (Dubai, Abu Dhabi), high operational costs for premium wellness programming, and the Mukaab's January 2026 construction pause affecting timeline. Mitigants: #1 global growth rate per GWI, PIF institutional backing (SAR 51B AMAALA Phase One alone), structural demand from 33M population, medical tourism cost advantage, and zero personal income tax on wellness business profits.

Conclusion: The Wellness Investment Case

Saudi Arabia's $19.8 billion wellness economy — growing at the world's fastest rate, anchored by AMAALA's SAR 51 billion Phase One, and targeting $8.9 billion in medical tourism by 2034 — represents a generational investment opportunity. The Mukaab's integrated urban wellness model complements AMAALA's destination resort approach, capturing daily wellness routines for 400,000 residents. Track developments via Vision 2030 AI, Global Wellness Institute, and Saudi Tourism Authority.

Frequently Asked Questions

How large is Saudi's wellness economy?

$19.8B (GWI). #1 global growth rate at 12.2% annually (2019-2024). Broader health/wellness: $35.32B (2024)→$81.11B (2033) at 9.7% CAGR. Fitness: $1.14B→$2B by 2030. Medical tourism: $1.6B→$8.9B by 2034.

What is AMAALA?

Red Sea Global's "Riviera of the Middle East." 9 resorts, 1,600+ keys. SAR 51B Phase One. Brands: Clinique La Prairie (74 rooms, first global expansion), Six Senses (100 suites), Four Seasons (202 keys), Equinox (128 rooms), Rosewood (110 rooms). Late 2025 phased opening.

What medical tourism growth is projected?

$1.6B (2025)→$8.9B (2034) at 20.71% CAGR. 44 new hospitals. Dedicated medical tourism visa. 40-60% cost discount vs US/Europe. Specialties: orthopedics, cardiology, cosmetic, dental, ophthalmology, reproductive.

What wellness brands are entering Saudi?

Clinique La Prairie (92-year Swiss longevity), Six Senses, Equinox (first ME hotel), Four Seasons, Rosewood, Aman (planned). Plus fitness: F45, Barry's, Orangetheory. 1,500+ GEA-licensed fitness establishments since 2018.

What is the fitness market size?

$1.14B (2024)→$2B (2030) at 9.85% CAGR. Membership growth 25%+ annually. Women's gyms since 2018. Premium memberships SAR 500-1,200/month. FIFA 2034 and Esports World Cup driving sports culture.

How does wellness affect property values?

GWI: 10-25% premium globally for wellness-integrated RE. Knight Frank: 15-20% premium projected for New Murabba wellness units. Features: biophilic design, air/water purification, circadian lighting, fitness, green space, healthcare proximity.

What is Clinique La Prairie?

Swiss longevity clinic (92 years). AMAALA: first standalone global expansion (74 rooms). Offers: DNA health assessments, regenerative medicine, personalized aging interventions. Programs: $50K-250K. Targeting 200,000+ UHNW individuals in region.

What is the longevity economy opportunity?

Global: $610B by 2030 (McKinsey). Saudi: SDAIA developing AI-powered predictive health. Clinique La Prairie provides clinical credibility. Highest-value wellness segment: $50K-250K per program. Growing demand from aging affluent populations.

What sports infrastructure exists?

FIFA 2034: 15 stadiums, $20B+. Six Flags Qiddiya: opened Dec 31, 2025, 79 acres, 28 rides, Falcon's Flight. Esports World Cup: $71.5M prizes (2025). Aquarabia: 95% complete, March 2026. SEVEN: SAR 50B portfolio, 14 destinations.

How does Saudi compare to wellness destinations?

Saudi: #1 growth rate globally (GWI). AMAALA comparable to Maldives/Switzerland in positioning. Cost advantage for medical tourism vs Europe/US. Scale advantage: $19.8B market. Maturity gap vs Thailand/Bali being closed rapidly by PIF investment.

What holistic wellness traditions exist?

Islamic wellness: prophetic medicine, herbal therapy, honey therapy, hijama (cupping). SFDA regulates herbal products. Red Sea thalassotherapy, salt therapy. Geographic assets: Red Sea coast, volcanic landscapes, Al Hejaz mountains. Unique cultural positioning.

What mental health infrastructure exists?

National Mental Health Strategy (2023). Universal access target. Digital wellness: 5M+ app users (meditation, therapy, sleep). Growing demand for digital detox, mindfulness retreats, corporate wellness. First-mover opportunity in institutional mental health services.

What is New Murabba's wellness design?

2.3M sqm green space, fitness centers, Olympic swimming, sports medicine clinics, running/cycling circuits, biophilic architecture, smart health monitoring. 15-minute city design = walkable wellness. 10+ healthcare facilities. Urban wellness vs AMAALA's resort model.

What is Mukaab wellness timeline?

Superstructure paused Jan 2026. District wellness amenities (green space, clinics, fitness) continue under Parsons contract. Phased: 2030 (Expo), 2034 (FIFA), 2040 (full). AMAALA already operational, proving PIF wellness execution.

What wellness investment structures exist?

Direct wellness facility ownership (Jan 2026 foreign ownership reform), REIT exposure, hotel/spa management contracts, franchise licensing (fitness brands), medical tourism joint ventures. No capital gains tax. CMA QFI abolished Feb 1, 2026.

What are the investment risks?

Market immaturity, regulatory evolution, UAE competition, high operational costs, Mukaab timeline. Mitigants: #1 global growth (GWI), PIF backing (SAR 51B AMAALA), 33M population, medical cost advantage, zero income tax.

Frequently Asked Questions

Key Questions Answered

The Mukaab's wellness program creates investment opportunities across luxury spa development, fitness center operations, medical wellness clinics, longevity centers, biohacking facilities, and wellness hospitality. The 2.6 million square meters allows dedicated wellness zones with integrated health technology. Wellness operators in premium Saudi developments report 20-35% operating margins driven by high-net-worth clientele and growing health awareness.
Saudi Arabia's wellness industry exceeds $5 billion annually, growing at 8-10% per year. Key drivers include Vision 2030 quality-of-life programs, increasing health awareness, rising disposable incomes, and medical tourism ambitions targeting 2.5 million annual visitors. The Global Wellness Institute projects the Middle East wellness market will double by 2030, with Saudi Arabia as the largest market.
Premium spa developments in luxury hospitality settings generate $500-2,000+ revenue per treatment room per day, with 30-45% operating margins at well-managed facilities. Investment structures include spa management contracts with luxury operators (Aman, Six Senses, Clinique La Prairie), direct ownership models, and revenue-sharing arrangements with hotel partners.
Saudi Arabia targets 2.5 million medical tourists annually under Vision 2030, representing a multi-billion dollar market. The Mukaab's medical wellness facilities — preventive screenings, longevity clinics, aesthetic medicine, rehabilitation — target high-net-worth medical tourism alongside entertainment and hospitality. Medical tourism generates 3-5x higher per-visitor spending than leisure tourism.
The global longevity market is projected to exceed $600 billion by 2030. Longevity clinics offering advanced diagnostics, regenerative medicine, biomarker tracking, and personalized health optimization charge $5,000-50,000+ per treatment program. Saudi Arabia's wealthy population and growing health consciousness create strong demand for premium longevity services.
Global wellness operators including Aman, Six Senses, Clinique La Prairie, Therme Group, and SHA Wellness Clinic have established or announced Saudi presence. The Mukaab's positioning attracts additional world-leading brands. Investment opportunities include brand franchise operations, management contracts, and joint venture developments with established wellness operators.
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Mukaab Intelligence Network

13 Platforms. One Megastructure. Complete Intelligence.

Independent analysis across every dimension of The Mukaab and New Murabba district — from architecture to wellness, investment to technology.

Independent Intelligence Disclaimer

This platform provides independent analysis for informational purposes only. Content does not constitute financial, investment, legal, or professional advice. Always consult qualified professionals before making investment decisions. This platform is not affiliated with, endorsed by, or officially connected to New Murabba Development Company, the Public Investment Fund (PIF), or any Saudi government entity. All analysis represents independent editorial judgment. Full Disclaimer