Royal Hajj Center (RUA) and Malaysia’s MRCB International have signed an agreement to explore the development of a transport-oriented mixed-use project at King Salman Gate in Makkah, with an indicative gross development value of approximately SR21 billion ($5.5 billion).
The partnership will assess the feasibility of a public bus terminal integrated with residential, commercial, retail, and other mixed-use components, according to RUA. The development will take place within King Salman Gate, a major project being led by RUA, a company under the Public Investment Fund (PIF).
The agreement was signed in Kuala Lumpur by RUA CEO Bambang Kajairi and MRCB Group Managing Director Dato’ Imran Salim, with PIF Governor Yasir Al-Rumayyan and other senior officials from both companies in attendance.
MRCB will contribute its expertise in transit-oriented development and integrated transport hubs, drawing on its portfolio that includes KL Sentral, Malaysia’s largest integrated transport hub.
According to the companies, the proposed development aims to enhance transport connectivity and accessibility for pilgrims and visitors to Makkah, while seamlessly integrating mobility with accommodation, retail, and other services.
The SR21 billion valuation is indicative and subject to due diligence, regulatory approvals, financing arrangements, project phasing, and the execution of definitive agreements.
The collaboration also seeks to establish frameworks for the project’s development, funding, and delivery, as RUA aims to attract international investment and development expertise to King Salman Gate.
