Saudi Arabia has said it aims to welcome 30 million pilgrims for Haj and Umrah annually by 2030. In 2019, it earned about $12 billion from the two pilgrimages, according to official data.

Saudi Arabia's benchmark index was up 0.2%, led by 10% increases in both Jabal Omar Development Company and Makkah Construction and Development Company, which have real estate in Mecca.

Arabian Post -Saudi Arabia has announced a historic move, opening doors for foreign investments in publicly-traded companies that own real estate in the holy cities of Makkah and Madinah. This ...

Dubai: Saudi Arabia has announced a significant policy shift by allowing foreigners to invest in real estate companies operating in the Holy Cities of Mecca and Medina. According to Saudi Capital ...

Posted in Travel & Hospitality, Latest News, Saudi Arabia Saudi Arabia religious tourism surges 55% as Makkah, Madinah flights soar: Skyscanner . Madinah has become a focal point for pilgrimage travel ...

Saudi Arabia will allow foreign capital to invest in Islam’s two holiest cities. Foreigners will be able to buy shares (up to 49 per cent) but direct ownership of real estate is excluded.

The Saudi Capital Market Authority (CMA) on Monday announced that foreigners can invest in Saudi-listed companies that own real estate in Makkah and Madinah. The decision is expected to increase ...

The Saudi weather department has predicted rain for the next three days in several parts of the country, including Riyadh, Hail, Al Qassim, the Eastern Province, Northern Borders, Makkah, and Madinah.

Saudi Arabia has announced a landmark decision allowing foreign investment in listed companies that own real estate within Islam’s holiest cities, Makkah and Madinah. The move, unveiled by the ...

The Saudi Capital Market Authority (CMA) has announced that foreigners are allowed to invest in Saudi listed companies in the Saudi capital market that own real estate within the boundaries of the ...

RIYADH: Saudi Arabia has announced a landmark decision allowing foreign investment in listed companies that own real estate within Islam’s holiest cities, Makkah and Madinah.The move, unveiled b ...