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.
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 welcomes foreign investment into holy cities
Saudi Arabia will allow foreign companies to invest in Saudi companies that own properties in Mecca and Medina, possibly forshadowing a lift on its ban on foreigners in the holy cities
Saudi Arabia opens property investments in Mecca and Medina to foreigners
Saudi workers adjust the new Kiswa, the protective cover that engulfs the Kaaba which is made from black silk and gold thread and is embroidered with Quran verses, in Saudi Arabia's holy city of Mecca, on 6 July 2024 (Abdel Ghani Bashir/AFP)
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.
New Saudi rule opens doors for foreigners to invest in Makkah, Madinah
Riyadh: In a major decision taken to stimulate growth, Saudi Arabia has allowed foreigners and non-Saudi citizens to invest in Makkah and Madinah. Makkah al Mukarramah and Madinah Munawwarah are the Two Holiest Cities for Muslims across the world.
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