By Juliet Umeh

The public investment fund-owned master developer, RUA AlHaram AlMakki Company, has signed six major Memorandums of Understanding (MoUs) to boost international investment and strengthen global partnerships for its flagship King Salman Gate project. The agreements were formalised during Cityscape Global 2025, held from November 17 to 20 in Riyadh.

The MoUs, inked with partners from Saudi Arabia, Indonesia, Malaysia, Brunei, and the United States, underscore the company’s drive to create inclusive, world-class destinations catering to pilgrims, visitors, and businesses across the Muslim world.

Speaking at the event, RUA AlHaram AlMakki Co.’s CEO said, “These agreements reflect our commitment to uniting the global Muslim community in shaping the future of Makkah’s urban and spiritual landscape. King Salman Gate is more than a development; it is a vision for sustainable, inclusive growth that respects heritage while embracing modernity.”

Cityscape Global 2025 attracted thousands of visitors to RUA AlHaram AlMakki Co.’s immersive booth, which showcased the expansive vision of King Salman Gate—a transformative mixed-use development adjacent to the Holy Mosque.

Among the MoUs signed is an agreement with Osool, a Saudi real estate investment and asset-management firm, to explore investment prospects within King Salman Gate. On the partnership, an Osool representative said, “We are excited to collaborate with RUA AlHaram AlMakki Co. on a project of such historic and cultural significance. King Salman Gate represents an opportunity to redefine urban development in Makkah.”

Indonesia’s Hajj financial management agency, Badan Pengelola Keuangan Haji (BPKH), entered two MoUs with the company: one to assess strategic investment opportunities in the project and another to evaluate partnerships in the urban dining components of RUA’s future developments. “Our engagement with RUA AlHaram AlMakki Co. aligns with our mission to facilitate meaningful investments that support pilgrims and the wider community,” said a BPKH official.

Malaysian Resources Corporation Berhad (MRCB), a leading property and infrastructure developer, signed a joint-venture MoU to explore collaborative development opportunities within King Salman Gate. “This collaboration opens the door for cross-border expertise exchange and innovation in urban development,” said an MRCB spokesperson.

Perbadanan Tabung Amanah Islam Brunei (TAIB), Brunei’s Islamic trust fund, signed a General Investment MoU to evaluate potential investment in one of RUA’s plots in Makkah. “We see significant potential in supporting King Salman Gate, which aligns with our vision of sustainable investment in key Islamic heritage projects,” said TAIB’s Chief Investment Officer.

RUA AlHaram AlMakki Co. also formalised a strategic collaboration with Forbes Global Properties, the exclusive real estate partner of Forbes. Through this agreement, the company became the first real estate developer globally to join the Forbes Global Properties network, gaining enhanced international visibility and access to ultra-high-net-worth investors worldwide. “This partnership positions King Salman Gate on the global real estate map, offering unparalleled exposure to investors and stakeholders worldwide,” said the CEO of RUA AlHaram AlMakki Co.

The company said the MoUs mark a turning point in the development of King Salman Gate, which is designed to set new global benchmarks in hospitality, urban living, and cultural preservation, while supporting Saudi Arabia’s Vision 2030 ambitions. “We are proud that King Salman Gate will serve as a model for future urban developments, balancing tradition with innovation,” the CEO added.