Agreements Signed with Brunei Fund
Rui Al-Haramek Makkah Company and Rui Al-Madina Holding Company, both affiliated with the Saudi Public Investment Fund, signed two agreements with the Brunei Islamic Trust Fund (TAIB) to strengthen investment cooperation in development projects in Mecca and Medina. The first agreement explores the possibility of joint investment in the King Salman Gateway project in Mecca, with an estimated value of up to 9.7 billion riyals. The project aims to develop hospitality and residential properties, contingent upon completing the due diligence process and obtaining the necessary approvals. The second agreement provides opportunities for collaboration in projects across Mecca, Medina, and Brunei, facilitating the exchange of investments and expertise. It focuses on enhancing tourism and infrastructure, and is part of supporting Saudi Vision 2030 and deepening investment relations between Saudi Arabia and Brunei.
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