Saudi Arabia Plans Mega Mecca Expansion to Tap Pilgrim Gold Rush.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Fattah, Zainab 3 of 3

Abstract

The article discusses Saudi Arabia's plans to develop a large-scale project called King Salman Gate next to the Grand Mosque in Mecca, aimed at modernizing the city and accommodating an increasing number of pilgrims. The development will cover 12 million square meters and include praying areas, residential units, hotels, and shops, with the potential to create over 300,000 jobs by 2036. The initiative is part of a broader strategy to attract 30 million foreign worshippers annually by 2030 and to encourage foreign investment in the region, particularly in Mecca and Madinah, which has recently become the top housing market in Saudi Arabia. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:188673055
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