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. Jordan

The property in the city's Al Naseem district will be part of a larger complex of interconnected towers. Makkah, Saudi Arabia to build world’s largest Courtyard by Marriott by 2026. hotel, hotel news,

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 “aims to stimulate investment,

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

In a major policy shift, Saudi Arabia has allowed foreign investors to invest in publicly-traded companies owning real estate in the holy cities of Mecca and Medina. Under the new policy, foreigners can purchase shares and convertible debt instruments in companies listed on the Saudi stock exchange.

Saudi Arabia said it will begin allowing foreigners to invest in publicly-traded companies owning real estate in the holy cities of Makkah and Madinah for the first time as the kingdom looks to draw in more overseas investment.

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 Saudi Capital Market Authority (CMA), aligns with the Kingdom’s Vision 2030 strategy to diversify its economy and attract foreign capital.