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RUA AlHaram AlMakki Company concluded its debut at Cityscape Global by signing six significant Memorandums of Understanding with partners from Saudi Arabia, Indonesia, Malaysia, Brunei, and the United States. The agreements are aimed at attracting global investment and fostering collaboration for the King Salman Gate mixed-use project in Makkah. The company's immersive Cityscape Global booth highlighted Makkah's heritage and engaged thousands of visitors. These strategic partnerships mark a key step in developing a world-class destination that combines urban living, hospitality, cultural preservation, and inclusivity for the global Muslim community.
RUA AlHaram AlMakki Company, a PIF-owned master developer, concluded its participation at Cityscape Global with the signing of six strategic Memorandums of Understanding. These agreements involve partners from Saudi Arabia, Indonesia, Malaysia, Brunei, and the United States and aim to strengthen international investment and collaboration for the King Salman Gate project in Makkah. Advertisement
King Salman Gate is envisioned as a transformative mixed-use destination that brings together the global Muslim community. The company's Cityscape Global booth, designed to showcase Makkah's heritage through dynamic visuals and interactive displays, welcomed thousands of visitors over the four-day event and generated strong interest from both local and international stakeholders.
Among the agreements, Osool, a Saudi real estate investment and asset management firm, will explore potential investment opportunities within the King Salman Gate project. Indonesia's Hajj financial management agency, Badan Pengelola Keuangan Haji (BPKH), signed two separate MoUs with the company-one to assess strategic investment opportunities within the project and another to evaluate potential collaboration in the urban dining components of RUA AlHaram AlMakki's future developments.
Malaysian Resources Corporation Berhad (MRCB), a leading property and infrastructure developer, entered a Joint Venture MoU to explore collaborative development opportunities within King Salman Gate. Meanwhile, Perbadanan Tabung Amanah Islam Brunei (TAIB) signed a General Investment MoU to consider investing in one of the company's plots in Makkah. In addition, Forbes Global Properties, the exclusive real estate partner of Forbes, signed an MoU with RUA AlHaram AlMakki to enhance international visibility and connect with ultra-high-net-worth audiences. The company became the first real estate developer globally to join Forbes Global Properties.
These strategic agreements represent a significant milestone for King Salman Gate, which is located near AlMasjid AlHaram. The project is expected to set new standards in urban living, hospitality, and cultural preservation, supporting Saudi Arabia's Vision 2030 and reinforcing Makkah's position as a global destination for pilgrims, visitors, and businesses.
RUA AlHaram AlMakki Company continues to welcome collaboration with investors and partners from across the world as King Salman Gate enters its next development phase. The project reflects a careful balance of modern infrastructure, sustainable urban planning, and preservation of Makkah's rich heritage, catering to the needs of the global Muslim community while maintaining the spiritual significance of the city.
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