The Kingdom has made a GROUNDBREAKING move set to revolutionize the experience for millions of Umrah visitors!

Saudi Arabia has just opened the doors for foreign investors to own shares in real estate companies operating within the sacred cities of Makkah and Madinah!

Looks like your Makkah and Madinah trips will be quite often now…

Previously, non-Saudi nationals faced significant hurdles when it came to property ownership in these holy cities. Now, with the Capital Market Authority’s (CMA) recent decision, foreigners can invest in publicly listed companies that own real estate in Makkah and Madinah.

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This means you can own a piece of the action without the complexities of direct property management! More Umrah trips? Yes please!

There are a few guidelines to follow before taking the step! 

Foreign investments are limited to shares and convertible debt instruments in these companies.Non-Saudi nationals can own up to 49% of a company’s shares. This initiative aligns with Saudi Arabia’s Vision 2030, aiming to diversify the economy and enhance the pilgrimage experience.

This new announcement is a game changer for millions of investors and Umrah visitors…

This policy shift is a win-win for both parties, as it opens up a new avenue to invest in one of the world’s most visited regions, offering potential returns and a tangible connection to the heart of Islamic heritage. With increased investment, expect enhanced facilities, better accommodations, and a more seamless pilgrimage experience.

So, whether you’re looking to invest or planning your next pilgrimage, the future looks brighter than ever!