Saudi Arabia's RUA AlHaram AlMakki and Rua Al Madinah Holding have signed two strategic collaboration agreements with Brunei's TAIB in Bandar Seri Begawan. The partnership opens investment channels for real estate developments in Makkah and Madinah, including a joint venture within Makkah's King Salman Gate destination with an estimated gross development value of SAR 9.7 billion.
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.
ASFAR, the PIF-backed Saudi Tourism Investment Company, has opened Gamra Mountain Resort in Saudi Arabia’s Al Baha region. Spanning 21,000 square metres, the 30-room luxury property supports Saudi Vision 2030 by expanding hospitality infrastructure outside major hubs. Operated by Accor’s Mantis brand in partnership with IHCC, the resort incorporates local products and community engagement to drive sustainable regional economic growth.
Saudi Arabia's Public Investment Fund has established Tawrid Company for Financing Solutions, a digital platform aimed at boosting supply-chain financing across the Kingdom. Authorised by the Saudi Central Bank, Tawrid connects buyers, suppliers and financial institutions to enhance corporate liquidity and working capital. The company has already entered binding agreements with major local lenders and firms, including Saudi National Bank and ROSHN Group.
Saudi Arabia's Public Investment Fund has established the Gulf Coast Development Company to build a major coastal scheme in Al-Khafji. Spanning 20 square kilometres with a 10-kilometre waterfront, the site will feature 16,000 homes, 1,400 hotel rooms and dedicated marinas. The initial phase will deliver three neighbourhoods by 2030 in partnership with private sector investors.
Brookfield Corporation has achieved a $2 billion initial close for its new Middle East-focused private equity fund. Anchored by Saudi Arabia’s Public Investment Fund, Brookfield Middle East Partners will target high-growth markets across the region, directing half of its investments toward Saudi Arabian businesses. The initiative aims to deepen local capital markets and expand regional financing options across key commercial sectors.
