Saudi Arabia Opens Mecca, Medina

Saudi Arabia’s market watchdog allows foreign investment in listed firms with property in Mecca, Medina
Saudi Arabia’s market watchdog, the Capital Market Authority (CMA), said in a statement the move aimed to attract foreign capital and provide liquidity for present and future projects in the two cities.
Saudi Arabia opens doors to foreign investment in Mecca, Medina real estate; How will it benefit Indians?
Saudi Arabia's market regulator revealed that foreign investors are now permitted to invest in publicly traded companies that own real estate in Mecca and Medina. This initiative is part of the kingdom's strategy to draw international investment and increase liquidity for projects in these prominent religious cities.
Big move by Saudi Arabia crown prince Salman in Mecca and Madina, allows foreigners to…
The kingdom has also reoriented its spending from overseas into its domestic market. One indicator of this was that in 2024, the UAE’s Mubadala surpassed Saudi Arabia’s Public Investment Fund (PIF) as the world’s most active sovereign wealth fund.
Saudi Arabia Opens Mecca & Medina Real Estate To Foreign Investors: What It Means
Saudi Arabia's decision to allow foreign investment in Mecca and Medina real estate opens new opportunities for global investors while boosting economic diversification under Vision 2030.
Saudi Arabia to allow foreign investment in Mecca and Medina real estate
Saudi Arabia's market regulator announced on Monday that foreign investors can now invest in listed companies owning real estate in Mecca and Medina. The move is part of the kingdom's efforts to attract global investment and enhance liquidity for projects in these key religious cities.
Foreigners can now invest in Mecca and Medina's real estate
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 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's Real Estate Investment Revolution in Mecca and Medina
Saudi Arabia's market regulator is opening listed companies owning real estate in Mecca and Medina to foreign investors. This initiative aligns with economic diversification under Vision 2030, aiming to increase pilgrimage numbers and reduce oil dependency.
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,
Saudi Arabia Opens Real Estate Investment in Makkah, Madinah
Saudi Arabia has announced a historic move, opening doors for foreign investments in publicly-traded companies that own real estate in the holy cities of Makkah and Madinah. This marks a significant shift in the Kingdom’s approach to foreign investment,
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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Saudi Arabia eases foreign property investments in Mecca, Medina
The market regulator allowed foreigners to subscribe to real estate funds (REITs) investing within the boundaries of Islam’s two holiest sites of Mecca and Medina in 2021. Meanwhile, Saudi ...