Saudi Arabia opens Mecca, Medina to foreign investors

Mecca already receives millions of Muslim pilgrims each year but the city is undergoing massive development aimed at drawing 30 million faithful by 2030.

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Muslim pilgrims perform the farewell circumambulation or "tawaf", circling seven times around the Kaaba, Islam's holiest shrine, at the Grand Mosque in the holy city of Mecca on June 18, 2024 at the end of the annual hajj pilgrimage. (Photo by AFP)

NewVision Reporter

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#Muslims #Saudi Arabia #Mecca

Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam's two holiest cities.

The decision

Saudi Arabia opens Mecca, Medina to foreign investors

Mecca already receives millions of Muslim pilgrims each year but the city is undergoing massive development aimed at drawing 30 million faithful by 2030.

Muslim pilgrims perform the farewell circumambulation or "tawaf", circling seven times around the Kaaba, Islam's holiest shrine, at the Grand Mosque in the holy city of Mecca on June 18, 2024 at the end of the annual hajj pilgrimage. (Photo by AFP)

NewVision Reporter

@NewVision

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