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.

DUBAI: Saudi Arabia's market regulator has unveiled a plan to allow foreigners to invest in listed companies that own real estate in Makkah and Madina in a bid to boost foreign investment.

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.

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 ...

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 ...

Riyadh: When we mention Saudi Arabia, we think of Mecca, Medina and the desert. But now the situation here has changed. Heavy rains have been followed by severe floods. Most parts of Makkah and ...

Many parts of Saudi Arabia witnessed heavy rainfall accompanied with hail and thunderstorms on Monday. Many roads were flooded in several cities, including Makkah, Jeddah and Madinah, impacting ...

Saudi Arabia has implemented a strict entry ban to Makkah for expatriates without valid Hajj permits, effective April 23, 2025. This measure aims to streamline the pilgrimage, enhance crowd ...

MAKKAH, Saudi Arabia, June 5, 2025 /PRNewswire/ -- Saudi Arabia has deployed over 50,000 health workers and introduced advanced technologies to protect the health of pilgrims performing Hajj, the ...

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Makkah and Madina, as the Gulf country ...

Riyadh: When we mention Saudi Arabia, we think of Mecca, Medina and the desert. But now the situation here has changed. Heavy rains have been followed by severe floods. Most parts of Makkah and ...