RUA Al-Haram Al-Makki Company has signed a collaboration deal with Malaysia’s MRCB International to explore a SAR 21 billion transit-oriented development within Makkah's King Salman Gate scheme. The proposal features a public bus terminal integrated with residential, commercial and retail elements. Designed to improve transport links for global pilgrims, the initiative supports Saudi Vision 2030 goals while maintaining local heritage.
Umm Al Qura for Development and Construction Company has entered into a new partnership to further the growth of the Masar Destination in Makkah. The firm signed a non-binding memorandum of understanding with BIM Capital and Ajbal Real Estate Development Company to create a private real estate fund. With a target capital of 221,000,000 Saudi Riyals, the venture focuses on the construction of new hotel units. This move aligns with the company strategy of using joint ventures to deliver large-scale urban projects.
Riyad Capital has partnered with the Saudi Railway Company (SAR) to establish a SAR 6 billion real estate fund for a mixed-use Transit Oriented Development project in Makkah. Located near the Haramain High-Speed Railway Station, the 90,000-square-metre site will feature hotels, commercial centres, and residences, supporting Saudi Vision 2030’s goals of urban growth and investment diversification.
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