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Lebanese Forces
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Saudi Arabia invites Malaysian investments of 5.6B
The Mecca Holy Haram Vision Company, affiliated with the Public Investment Fund, announced the signing of an agreement with Malaysian company MRCB to study the development of an integrated destination with a transportation system in Mecca. The estimated value of this study is up to $5.6 billion (21 billion Saudi riyals). The goal is to improve transportation, residential, and commercial facilities within the "King Salman Gateway" project, in order to enhance the holy city’s capacity to host millions of pilgrims and visitors annually. This agreement is part of Saudi Arabia’s efforts to attract international investments and diversify funding sources for Mecca projects, with a focus on developing the transportation system and facilitating mobility within the city. A timeline for implementation or final financing details has not been announced yet, but it reflects Saudi Arabia’s Vision 2030 to bolster services and infrastructure in Mecca.
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