Saudi Arabia has officially opened the door for Nigerians to invest in real estate in Makkah through the launch of the King Salman Gate project, a landmark initiative designed to drive global investment and transform urban development in the Holy City.
Crown Prince Mohammed bin Salman, Prime Minister and Chairman of the Board of Directors of RUA Al Haram Al Makki Company, announced the launch in a statement on behalf of the Royal Court.
The statement explained that the project spans approximately 12 million square meters of gross floor area adjacent to Al-Masjid Al-Haram. It is set to redefine the city’s central area, making it a model for modern urban planning.
The initiative aims to enhance access to Al-Masjid Al-Haram, improve service delivery, and enrich the experience of visitors and pilgrims in line with the Pilgrim Experience Program. Strategically located next to the Grand Mosque, the mixed-use development will offer residential, commercial, hospitality, and cultural spaces, accommodating around 900,000 worshippers.
With strong links to public transportation, King Salman Gate will blend Makkah’s traditional architectural heritage with contemporary design. It will also restore and develop around 19,000 square meters of heritage sites, preserving the city’s cultural identity.
The project is expected to generate more than 300,000 jobs by 2036, supporting Saudi Vision 2030’s economic diversification goals.
Developed by RUA AlHaram AlMakki Company, a Public Investment Fund (PIF) entity, the project aims to set a global standard in real estate development, prioritizing sustainable practices while enhancing the experience of residents, pilgrims, and visitors.
