Saudi Arabia Opens Mecca, Medina

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 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 opens up holy cities to foreign property investors
Saudi Arabia’s Capital Markets Authority (CMA) has announced that foreigners will be allowed to invest in companies that own real estate in the holy cities of Mecca and Medina. The CMA said the decision would “stimulate investment” and “enhance the attractiveness and efficiency of the capital market”.
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'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 eases foreign investment rules for Makkah and Madinah real estate
Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority. Saudi Arabia eases foreign investment rules for Makkah and Madinah real estate.
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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