Saudi company explores cooperation with MRCB on Mecca project
The company is a subsidiary of Saudi Arabia’s Public Investment Fund, one of the world’s largest sovereign wealth funds with assets under management exceeding US$900 billion.
Prime Minister Anwar Ibrahim met with a Saudi delegation from the Public Investment Fund (PIF) to discuss potential cooperation on a transit-oriented development project in Mecca, Malaysia's Prime Minister announced on Facebook. The PIF, which governs the Saudi Arabia sovereign wealth fund with over US$900 billion in assets, is exploring a partnership with Malaysian Resources Corporation Berhad (MRCB) for the project in the Jabal Al Kaabah area of Mecca.
Anwar highlighted the confidence this potential collaboration demonstrates in Malaysia's business capabilities, and the opportunities it could create for Malaysian firms and workers. During the meeting, Anwar and Yasir Othman Al-Rumayyan also discussed ways to strengthen economic cooperation between Malaysia and Saudi Arabia, particularly in construction, infrastructure, facilities management, energy, and the halal economy.
Prime Minister Anwar expressed his hope that more Malaysian companies would take the opportunity to enter the Saudi market and participate in mutually beneficial projects.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Saudi company explores cooperation with MRCB on Mecca project freemalaysiatoday.com
