Al-Haram Al-Makki and MRCB Explore 21 Billion Riyal Project

Rai Al-Haram Mecca Company, owned by Saudi Arabia's Public Investment Fund, and Malaysian company MRCB have reached a cooperation agreement to study the development of a project valued at approximately 21 billion riyals in the King Salman Gate area in Mecca. The project involves creating a multi-use destination that integrates with the transportation system, including a public bus station, residential and commercial developments, and retail outlets, with the aim of enhancing the experience of pilgrims and visitors. The collaboration focuses on leveraging MRCB's expertise in integrated transportation projects and supports Saudi Arabia's Vision 2030 to boost tourism and develop Mecca. It also opens the door for international investment to participate in the project's execution and oversight. The phases of implementation are contingent upon completing necessary procedures, obtaining approvals, and securing the required funding.

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