RUA AlHaram AlMakki, a Saudi Public Investment Fund company and master developer of King Salman Gate, signed a collaboration agreement with Malaysia’s MRCB International to study a transit-oriented mixed-use destination within the Makkah project. RUA’s September 28, 2026 announcement puts the proposed development’s indicative gross development value at approximately SAR 21 billion. It also says the figure is subject to due diligence, approvals, financing, decisions on implementation phases and definitive agreements. The amount is therefore not completed investment spending or a construction contract awarded to MRCB.

The agreement was signed in Kuala Lumpur. RUA says it was signed by its chief executive, Bambang Kajairi, and MRCB Group Managing Director Dato’ Imran Salim, with executives from PIF and MRCB attending as witnesses. RUA says it will retain stewardship of King Salman Gate’s overall vision and delivery. MRCB’s experience with transport-linked urban developments is one of the capabilities the parties plan to consider. The announcement cites KL Sentral in Malaysia as an example of integrating transport connections with other urban uses; it does not say that the same design will necessarily be built in Makkah.

The proposal under study would consider a public bus terminal alongside residential, commercial, retail and other mixed-use components within King Salman Gate. The companies also plan to assess how transport links and supporting services could improve access, journeys and the experience of pilgrims and visitors. RUA describes these elements as matters to explore under the collaboration, rather than as a final project scope or construction schedule. Its announcement gives no parcel area, number of units, capacity, cost allocation or start date. Those details cannot be inferred from the indicative SAR 21 billion figure alone.

The agreement also calls for the parties to explore a framework for developing, financing and delivering the proposal. That wording does not establish that financing has been secured or that RUA and MRCB have formed a final project company. RUA lists due diligence and approvals, financing, the determination of implementation phases and definitive agreements as conditions still to be addressed. The news is therefore that the companies have begun studying a specific transit and mixed-use concept, not that a development has been completed. Without later decisions, a delivery date, final budget or construction commitment cannot be stated.

RUA presents King Salman Gate as a wider destination intended to serve pilgrims and visitors in Makkah while preserving the city’s heritage. The MRCB agreement concerns one possible development within that larger project; the approximate SAR 21 billion indicative value should not be treated as the cost of the entire King Salman Gate scheme. RUA describes possible mobility and visitor benefits as aims. Whether they materialize will depend on design, approvals, financing and implementation. At this stage, the public information consists of a study agreement, a set of proposed components and a conditional value estimate.