RUA AL MADINAH - SAUDI ARABIA
PROJECT INTRODUCTION
Rua Al Madinah Holding Company (RAM-H), established in December 2016, is a single-shareholder Saudi closed joint-stock company, govemed by the laws of the Ministry of Commerce of the Kingdom of Saudi Arabia, and fully owned by the Public Investment Fund (“PIF”), Saudi Arabia’s major sovereign fund.
The Company is the Owner and Master Developer of Mega Projects in the Holy City of Al-Madinah AlMunawarah, including Rua Al-Madinah Project which is key initiative of the Public Investment Fund 2018-2020 Program, a cornerstone among twelve others ‘vision realization programs’ launched by the Saudi
Govemment to ensure realization of the Kingdom’s Vision 2030.
Rua Al Madinah Project (RAM)
Rua Al Madinah Project represents the first phase of Madinah Central Area (MCA) development, the project responds to updates related to the Prophet’s Mosque Expansion project as well as market studies which have previously been conducted for the Madinah Central Area.
Furthermore, the project/site boundaries were mainly determined by the demolition zone boundaries on the easten, southern, and northem edges, and the Prophet’s Mosque expansion boundaries to the west, in addition to the expropriated area east of Salaa Mountain.
