Riyadh, Saudi Arabia, 18 November 2025 – RUA AlHaram AlMakki Company, a PIF company, master developer of King Salman Gate and Foundation Partner of Cityscape Global 2025, signed a Memorandum of Understanding (MoU) with Forbes Global Properties, the exclusive real-estate partner of Forbes.
The agreement establishes RUA AlHaram AlMakki as the first and currently only developer to be invited into the Forbes Global Properties membership. This is an acknowledgement of the prestigious standing of the King Salman Gate project in the global market. The MoU was signed during Cityscape Global in Riyadh, where RUA AlHaram AlMakki Company showcased King Salman Gate to stakeholders, investors, and media for the first time.
Through this partnership, RUA AlHaram AlMakki Company will leverage Forbes Global Properties’ established brokerage network, spanning 600 locations and 20,000 property experts across the world, to reach discerning audiences worldwide.
“We are honored to welcome RUA AlHaram AlMakki Company as the first developer invited into our global network,” said Michael Jalbert, CEO of Forbes Global Properties. “Their commitment to delivering projects of enduring significance aligns seamlessly with our mission to connect discerning audiences with exceptional real estate opportunities. This collaboration strengthens our presence in Saudi Arabia and broadens the reach of a market that is drawing increasing interest from international investors.”
For Forbes Global Properties, the collaboration marks its entry into Saudi Arabia and highlights its commitment to building international partnerships with leading developers in high-growth markets. It also supports Forbes Global Properties focus on engaging a fast-growing segment of Muslim investors and prospective homeowners who are drawn to destinations that offer both cultural significance and compelling investment opportunities.
“We are delighted to announce that as we continue the expansion process into international markets, the company will be working in partnership with Forbes Global. This collaboration means so much more to us than just the significance of the milestone, it represents the vision that has been developing, the opportunities that lie in the future, as well as the thrill of unlocking them as we enter the next level” said an official spokesperson of RUA AlHaram AlMakki Company.
Announced last month by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of RUA AlHaram AlMakki Company, King Salman Gate is an integrated mixed-use destination spanning 12 million square meters adjacent to AlMasjid AlHaram. King Salman Gate offers residential, hospitality, commercial, and cultural experiences, and will offer Muslims from around the world the opportunity to live next to AlMasjid AlHaram.
This collaboration reinforces RUA AlHaram AlMakki Company’s role in enriching Makkah’s urban environment, delivering projects that elevate the experience of pilgrims, residents, and visitors. It reflects the growing demand from international investors to invest on Makkah and supports Saudi Arabia’s Vision 2030 goals to establish Makkah as a leading destination for culture, hospitality, and investment.
