Saudi Arabia Opens Mecca, Medina

Saudi Arabia opens Mecca, Medina to foreign investors
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. It said foreign investment "in companies owning real estate within the boundaries of Mecca and Madinah will be limited to shares of these Saudi companies listed on the Saudi capital market,
Now foreigners can invest in Saudi firms that own property in Mecca, Madina
Saudi Arabia aims to welcome 30 million pilgrims for Haj and the year-round pilgrimage umrah annually by 2030. In 2019, it earned about $12 billion from the two pilgrimages, according to official data.
Saudi Arabia allows foreigners to invest in firms with property in Mecca, Medina
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 Mecca and Medina, as the Gulf country looks to attract more investment.
Saudi Arabia looks to attract more foreign investment
Saudi Arabia's market regulator says it will allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Mecca and Medina, as the Gulf country looks to attract more investment.
Saudi Arabia opens foreign property investments in holy cities
Non-Muslims are not allowed to own property in the holy cities of Makkah and Madinah, even after Saudi Arabia gradually allowed some foreigners to own property in various parts of the kingdom.
Saudi Arabia allows foreigners to invest in listed companies operating in Makkah and Madinah
The Saudi Capital Market Authority (CMA) has announced that foreigners are allowed to invest in listed Saudi companies that own real estate in the cities of Makkah and Madinah, effective from Monday,
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The Hajj is one of the world's largest religious gatherings and the major annual event in Saudi Arabia. It is regarded as one ...
Explained: The story of the Kiswah, sacred cloth that covers the Holy Kaaba in Mecca
For the first time, the full Kiswah will be displayed outside Mecca. It will be the central element of the Islamic Arts ...
The Times of Israel3d
How Saudi Arabia controls one of the Pillars of Islam
Hajj pilgrimage is one of the Five Pillars of Islam, an essential act of worship that every capable Muslim is obligated to ...
Kiswah, the golden drape covering Kaaba in Mecca, will be on display for first time at…, from…
The literal meaning of Kiswah is cloak. It is a black cloth with intricately embroidered cloth, which covers the Kaaba. The ...
Newsweek20d
Saudi Videos Show Flooded Mecca
Satellite images show that Mecca, a holy city according to Islam, has flooded after Saudi Arabia was hit with torrential rains due to a storm on Monday that swept away cars and caused havoc ...