{"id":125912,"date":"2026-09-29T11:59:28","date_gmt":"2026-09-29T08:59:28","guid":{"rendered":"https:\/\/ainalalam.com\/?p=125912"},"modified":"2026-09-29T11:59:28","modified_gmt":"2026-09-29T08:59:28","slug":"rua-alharam-almakki-and-mrcb-partner-on-sar-21-billion-development-at-king-salman-gate-in-makkah","status":"publish","type":"post","link":"https:\/\/ainalalam.com\/?p=125912","title":{"rendered":"RUA AlHaram AlMakki and MRCB Partner on SAR 21 billion Development at King Salman Gate in Makkah"},"content":{"rendered":"[mhc_section admin_label=”\u0642\u0633\u0645” fullwidth=”on” specialty=”off”][mhc_fullwidth_menu admin_label=”\u0642\u0627\u0626\u0645\u0629 \u0628\u0639\u0631\u0636 \u0643\u0627\u0645\u0644” menu_id=”56″ background_color=”#ffffff” background_layout=”light” text_orientation=”center” submenu_direction=”downwards” fullwidth_menu=”off”] [\/mhc_fullwidth_menu][\/mhc_section][mhc_section admin_label=”section” transparent_background=”off” gradient_background=”off” 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Ain Alalam – Rashad Iskandrni<\/strong><\/p>\n

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RUA AlHaram AlMakki Company (RUA), a Public Investment Fund (PIF) company and master developer of King Salman Gate, has entered into a collaboration agreement with MRCB International Sdn Bhd (MRCB) to explore the development of a major transport-oriented mixed-use destination within King Salman Gate in Makkah, with an indicative Gross Development Value (GDV) of approximately SAR 21 billion, subject to due diligence, approvals, financing, phasing, and definitive agreements.<\/p>\n

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The collaboration agreement was signed in Kuala Lumpur by Bambang Kajairi, CEO of Rua AlHaram AlMakki, and Dato\u2019 Imran Salim, Group Managing Director of MRCB. It was witnessed by Mr. Yasir Othman Al-Rumayyan, Governor of PIF, Mr. Saad Abdulaziz AlKroud, Head of Local Real Estate Investment Division of PIF, Dato\u2019 Mohamad Nasir AB Latif, Chairman of MRCB, and Tan Sri Mohd Annuar Zaini, Chairman of MRCB Land Sdn Bhd.<\/p>\n

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Reflecting growing interest from leading institutions across the world in Makkah\u2019s long-term development, the collaboration agreement creates a pathway to attract international investment and development participation in King Salman Gate, supporting RUA AlHaram AlMakki\u2019s ambition to enhance Makkah\u2019s capacity to serve pilgrims and visitors from around the world.<\/p>\n

As a PIF company and master developer of King Salman Gate, RUA AlHaram AlMakki is creating a structured platform through which international institutions can participate in the destination\u2019s development, while RUA AlHaram AlMakki retains stewardship of its overall vision and delivery. The partnership with MRCB demonstrates RUA AlHaram AlMakki\u2019s role in connecting the institutional strength and long-term ambition of the PIF ecosystem with international capital and development expertise.<\/p>\n

A key focus of the collaboration agreement aims to explore MRCB\u2019s experience in transit-oriented development and integrated transport hubs. MRCB\u2019s portfolio includes KL Sentral, Malaysia\u2019s largest integrated transport hub and an example of its approach to combining transport connectivity with wider urban uses.<\/p>\n

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The proposed development will explore a public bus terminal with residential, commercial, retail, and other mixed-use components within King Salman Gate. Beyond the physical infrastructure, the partnership aims to evaluate how transport and supporting services can enable more seamless journeys, improve accessibility, and overall experience for pilgrims and visitors to Makkah.<\/p>\n

The collaboration agreement will explore a framework for the development, funding, and delivery of the proposed project, bringing together RUA AlHaram AlMakki\u2019s vision for King Salman Gate and MRCB\u2019s experience in complex mixed-use and transport-oriented developments. It is intended to support an integrated approach to investment, development, mobility, and visitor services.<\/p>\n

As a PIF company and master developer of King Salman Gate, RUA AlHaram AlMakki is bringing leading international partners together to help advance Makkah\u2019s visitor experience to the highest international standards. Supporting the objectives of Saudi Vision 2030, King Salman Gate reflects RUA AlHaram AlMakki\u2019s ambition to enhance the experience of pilgrims and visitors from around the world while preserving Makkah\u2019s unique heritage.<\/p>\n

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RUA AlHaram AlMakki Company<\/strong><\/p>\n

RUA AlHaram AlMakki Company, a PIF Company, is a Saudi master developer dedicated to delivering projects surrounding AlMasjid AlHaram in Makkah. The company’s mission is to elevate Makkah’s infrastructure to the highest international standards, catering to the needs of the global Muslim community while preserving the city’s rich heritage.<\/p>\n

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RUA AlHaram AlMakki Company specializes in delivering integrated mixed-use developments featuring world-class facilities. The company strives to set a global benchmark in real estate development through its strong values, commitment to sustainability, unwavering quality and dedication to enhancing the experience of visitors to Makkah.<\/p>\n

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MRCB International Sdn Bhd<\/strong><\/p>\n

MRCB is a leading urban property and construction company, which has been listed on the Main Board of Bursa Malaysia since 1971. The Group\u2019s activities span three areas: Property Development & Investment; Engineering, Construction & Environment and Facilities Management & Parking.<\/p>\n

As the developer of the iconic RM18 billion KL Sentral CBD, MRCB pioneered Transit Oriented Development (TOD) in Malaysia and is setting the standard for future fully integrated TOD projects. MRCB\u2019s property development revenues are underpinned by its 1,228-acre land bank, which has an estimated GDV of RM33 billion. Its property investment activity is conducted through its 27.94% equity stake in Sentral REIT.<\/p>\n

Apart from constructing world-class commercial and residential developments, MRCB\u2019s Engineering, Construction & Environment Division also has an enviable track record in highways, rail infrastructure, high-voltage power transmission projects and the rehabilitation of rivers and coastal areas. MRCB\u2019s largest shareholder is the Employees Provident Fund.<\/p>\n

Visit www.mrcb.com<\/a> for more information.<\/p>\n

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