RUA AlHaram AlMakki and Rua Al Madinah Expand International Collaboration through Strategic Agreements in Brunei Darussalam

   Jeddah, September 30, 2026, SPA -- RUA AlHaram AlMakki Company (RUA AlHaram AlMakki) and Rua Al Madinah Holding (Rua Al Madinah), both Public Investment Fund (PIF) companies, have signed two strategic collaboration agreements with Perbadanan Tabung Amanah Islam Brunei (TAIB), creating new opportunities for investment collaboration between Saudi Arabia and Brunei Darussalam in development projects.
   The collaboration agreements were signed in Brunei Darussalam by CEO of RUA AlHaram AlMakki Bambang Kajairi, CEO of Rua Al Madinah Eng. Ahmed Aljuhani, and Permanent Secretary III at the Ministry of Economy, Trade and Industry and Managing Director of TAIB Hasnah Binti Haji Ibrahim, and witnessed by Head of Local Real Estate Investment Division of PIF Saad Abdulaziz AlKroud, Head of Portfolio Management - West Coast at PIF and Chairman of the Board of Rua Al Madinah Naif Al Hamdan, and Minister of Religious Affairs and Advisor to TAIB Pengiran Dato Seri Setia Haji Mohammad Tashim bin Pengiran Haji Hassan.
   The collaboration agreements bring together institutions from Saudi Arabia and Brunei Darussalam. They also establish new avenues for investment and development collaboration in Makkah and Madinah. The collaboration reflects a shared interest in investing in developments that can enhance the experience of pilgrims and visitors and contribute to the long-term development of both cities.
   Under the first collaboration agreement, RUA AlHaram AlMakki and TAIB will explore a joint venture investment within King Salman Gate in Makkah. The agreement covers the development of real estate within the destination, including hospitality and residential uses, with an indicative Gross Development Value (GDV) of approximately SAR9.7 billion, subject to due diligence, approvals, financing arrangements, and definitive agreements.
   As a PIF company and master developer of King Salman Gate, RUA AlHaram AlMakki is creating pathways for international institutions to invest, while retaining stewardship of the destination’s vision and delivery as part of the Kingdom’s ongoing development efforts in this area. The agreement brings TAIB into King Salman Gate as a strategic international partner, alongside RUA AlHaram AlMakki’s growing relationships with institutions across the Muslim world.
   Under a separate collaboration agreement, RUA AlHaram AlMakki, Rua Al Madinah and TAIB will pursue collaboration around investment and development opportunities across Makkah, Madinah and Brunei Darussalam. The agreement connects investment and development opportunities in Makkah and Madinah with investment and expertise from Brunei, while opening avenues for reciprocal investment.
   Rua Al Madinah is advancing major real estate development and investment initiatives in Madinah, as part of Saudi Arabia’s ongoing development efforts in the city, with a focus on modern urban planning, hospitality, commercial development and infrastructure. Its flagship Rua Al Madinah Project is planned as an integrated hospitality and commercial destination that will contribute to enhancing Madinah’s capacity and visitor experience in support of Saudi Vision 2030.
   Together, the agreements deepen investment ties between Saudi Arabia and Brunei Darussalam around investment opportunities in Makkah and Madinah. As PIF companies, RUA AlHaram AlMakki and Rua Al Madinah are creating opportunities for leading international institutions to contribute to the development of both cities, enhance the experience of pilgrims and visitors, and support the objectives of Saudi Vision 2030.
   -- SPA