PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has entered into a memorandum of understanding with RUA AlHaram AlMakki Company, a public investment fund-owned master developer of the King Salman Gate development in Mecca.
In a statement, MRCB said both parties will explore various collaboration structures, including joint ventures on selected parcels, direct land acquisitions by MRCB or equity participation in RUA-sponsored investment platforms, and other mutually agreed development models for some of the land parcels contained within the development.
“As Malaysia’s largest transit oriented development (TOD) developer, MRCB is uniquely positioned to support RUA’s vision. The group pioneered TOD in Malaysia through its flagship KL Sentral central business district, an RM18bil integrated transport hub widely recognised as the country’s most successful TOD model.
“MRCB’s capabilities in designing high-density, infrastructure-led precincts align strongly with King Salman Gate’s focus on seamless mobility, enhanced pilgrim experience, and modern urban integration.”
MRCB group managing director Datuk Imran Salim said the group’s experience in TODs and integrated urban regeneration projects places MRCB in a strong position to complement RUA AlHaram AlMakki’s vision for King Salman Gate.
