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PIF-backed RUA and MRCB explore $5.6bn Mecca development

Staff Writer
Staff Writer
Sep. 29, 2026
RUA AlHaram AlMakki, MRCB Sign Agreement for King Salman Gate.

PIF-backed RUA AlHaram AlMakki and Malaysia’s MRCB have agreed to explore a development within Mecca’s King Salman Gate project. The proposed scheme has an indicative gross development value of approximately $5.6 billion (SAR 21 billion), Report from Saudi Press Agency

The companies are studying how to develop, fund and deliver the project. The estimated value does not represent an approved construction budget.

A bus terminal and mixed-use development

The proposal would combine a public bus terminal with homes, hotels, shops and commercial space. The partners will examine how the transport hub and related services could improve access for pilgrims and other visitors to Mecca.

MRCB brings experience in developments built around public transport, including KL Sentral in Malaysia. The agreement was signed in Kuala Lumpur by RUA chief executive Bambang Kajairi and MRCB group managing director Imran Salim.

Part of the wider King Salman Gate project

The two companies signed an earlier memorandum of understanding in November 2025 to examine opportunities at King Salman Gate. The latest agreement focuses on the proposed transport-led development. King Salman Gate is a wider development next to AlMasjid AlHaram. Announced in October 2025, its plans cover up to 12 million square metres of gross floor area. That figure refers to King Salman Gate as a whole, rather than the scheme RUA and MRCB are now studying.