Prince Salman bin Sultan, Emir of Madinah Region, launched the "In the Prophet’s Steps" project here on Monday.The initiative recreates the historic route taken by the Prophet Muhammad (peace be upon ...
Previously, non-Saudis were allowed to lease properties in Makkah and Madinah but faced significant restrictions on ownership. Under the new guidelines, foreign investments will be limited to shares ...
The decision will allow foreigners to invest in companies whose revenues rely on the Islamic pilgrimage, one of the leading sources of revenue for the kingdom.
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 ...