Ruyā Al-Haram and Ruyā Al-Madina Sign Deals with Brunei Fund
Riyadh Al-Haram Company and Riyadh Al-Madina Holding Company, both affiliated with the Public Investment Fund, signed two strategic agreements with the Islamic Trust Fund of Brunei (TAIB), aimed at strengthening investment collaboration between Saudi Arabia and Brunei in real estate development projects. The first agreement explores the possibility of investing in the "King Salman Gateway" project in Mecca, with an estimated value of 9.7 billion riyals, encompassing the development of hospitality and residential properties, pending the completion of necessary due diligence, financing, and approvals. The second agreement focuses on enhancing cooperation and investment opportunities in Mecca, Medina, and Brunei, with the goal of expanding collaboration and stimulating mutual investments and expertise. These initiatives support Saudi Arabia's Vision 2030, improve the experience for visitors and pilgrims in Mecca and Medina, and facilitate international partnership opportunities among institutions from across the Islamic world.
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