RUA AlHaram AlMakki Expands International Collaboration Through Strategic Agreements in Malaysia and Brunei

BANDAR SERI BEGAWAN, Brunei Darussalam, Oct 1 (Bernama) -- RUA AlHaram AlMakki Company (RUA AlHaram AlMakki), a Public Investment Fund (PIF) company and master developer of King Salman Gate, has signed three strategic collaboration agreements with leading institutions in Malaysia and Brunei Darussalam, creating new opportunities for international investment and development.

In Kuala Lumpur, Malaysia, RUA AlHaram AlMakki 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. The proposed development will explore a public bus terminal with residential, commercial, retail, and other mixed-use components, drawing on MRCB’s experience in transit-oriented development and integrated transport hubs.