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.

Dubai: Saudi Arabia has announced a significant policy shift by allowing foreigners to invest in real estate companies ...

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.

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 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 ...

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 ...

Saudi Arabia's benchmark index .TASI was up 0.2%, led by 10% increases in both Jabal Omar Development Company 4250.SE and Makkah Construction and Development Company 4100.SE, which have real ...

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.