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View all search resultsRUA AlHaram AlMakki Company signs 6 strategic MoUs, concluding its Cityscape Global debut
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(Courtesy of Rua AlHaram AlMakki Company)
S
audi Arabia-based RUA AlHaram AlMakki Company, a PIF-owned master developer, concluded its debut at the world’s largest real estate exhibition Cityscape Global with the signing of six landmark Memorandums of Understanding (MoUs) with partners from Saudi Arabia, Indonesia, Malaysia, Brunei and the United States, advancing international investment and global collaboration for its inaugural King Salman Gate project in the Holy City of Mecca.
The signing of these MoUs marks a pivotal milestone in the development of King Salman Gate, the company’s transformative mixed-use development adjacent to Al-Haram Mosque. The project drew strong interest from thousands of visitors during the four-day exhibition, held in Riyadh from Nov. 17 to 20.
Positioned as a transformative destination uniting the global Muslim community in the heart of Mecca, King Salman Gate is poised to set new benchmarks in urban living, hospitality and cultural preservation, supporting Saudi Arabia’s Vision 2030 and strengthening Mecca’s position as a global destination.
RUA AlHaram AlMakki Company, a foundation partner for Cityscape Global 2025, formalized two MoUs with Indonesia’s Haj Fund Management Agency (BPKH) to assess strategic investment opportunities in the project and evaluate partnership opportunities in the urban dining components of the company’s future developments.
In addition, the company also signed MoUs with Saudi Arabia-based real estate investment and asset management firm Osool to explore investment opportunities within King Salman Gate; Malaysian property and infrastructure developer Malaysian Resources Corporation Berhad (MRCB) to explore collaborative opportunities within the King Salman Gate project; Brunei Darussalam’s Islamic trust fund Perbadanan Tabung Amanah Islam Brunei (TAIB) to evaluate investment in one of the company’s plots in Mecca; and Forbes’ exclusive real estate partner Forbes Global Properties to explore a strategic collaboration with RUA AlHaram AlMakki Company becoming the first real estate developer globally to join Forbes Global Properties.
The strategic agreements reflect RUA AlHaram AlMakki Company’s commitment to bring together the global Muslim community in contributing to the future of Mecca’s development. By welcoming investment and collaboration from partners across diverse markets, the company aims to create inclusive destinations in Mecca that serve pilgrims, visitors and businesses from around the world.
RUA AlHaram AlMakki Company welcomes ongoing collaboration with partners and investors from around the world as King Salman Gate enters its next phase of development.
