RUA AlHaram AlMakki Company, the PIF-owned master developer, has successfully concluded its debut appearance at Cityscape Global 2025 by signing six strategic Memorandums of Understanding with international partners from multiple countries.
Strategic Partnerships Spanning Continents
The company, which served as the Foundation Partner for Cityscape Global 2025 held in Riyadh from November 17-20, formalized agreements with entities from Saudi Arabia, Indonesia, Malaysia, Brunei, and the United States. These MoUs represent a significant step forward in advancing international investment and global collaboration for the company's inaugural King Salman Gate project in the Holy City of Makkah.
During the four-day event, RUA AlHaram AlMakki Company's immersive booth attracted thousands of visitors, showcasing the transformative King Salman Gate development through dynamic visuals and tributes to Makkah's rich heritage.
Detailed Breakdown of Strategic Agreements
The six landmark MoUs signed include partnerships with diverse international entities:
Osool, a Saudi real estate investment and asset management firm, will explore investment opportunities within King Salman Gate.
Badan Pengelola Keuangan Haji (BPKH), Indonesia's Hajj financial management agency, signed two separate MoUs - one to assess strategic investment opportunities and another to evaluate partnership opportunities in urban dining components of future developments.
Malaysian Resources Corporation Berhad (MRCB), a leading Malaysian property and infrastructure developer, entered into a Joint Venture MoU to explore collaborative opportunities within the King Salman Gate project.
Perbadanan Tabung Amanah Islam Brunei (TAIB), Brunei's Islamic trust fund, signed a General Investment MoU to evaluate investment in one of the company's plots in Makkah.
Forbes Global Properties, the exclusive real estate partner of Forbes, signed an MoU to explore strategic collaboration, making RUA AlHaram AlMakki Company the first real estate developer globally to join Forbes Global Properties.
Vision for Global Muslim Community and Makkah's Future
These strategic agreements underscore RUA AlHaram AlMakki Company's commitment to uniting the global Muslim community in contributing to Makkah's development future. The company aims to create inclusive destinations in Makkah that serve pilgrims, visitors, and businesses from around the world.
The signing of these MoUs marks a pivotal milestone in developing King Salman Gate, the company's transformative mixed-use development adjacent to AlMasjid AlHaram. The project is positioned to set new benchmarks in urban living, hospitality, and cultural preservation while supporting Saudi Arabia's Vision 2030 and strengthening Makkah's position as a global destination.
RUA AlHaram AlMakki Company has expressed its commitment to ongoing collaboration with partners and investors worldwide as King Salman Gate progresses into its next development phase.
