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Saudi Arabia Allows Foreign Investment in Makkah and Madinah Real Estate Companies
Saudi Arabia is now allowing investment in real estate companies located in the holy cities of Makkah and Madinah.
The Suadi Boom
January 30, 2025
Welcome to The Saudi Boom. The No.1 Business Site & Newsletter in Saudi Arabia. Discover The Latest Developments and Opportunities in The Kingdom of Saudi Arabia.
LATEST NEWS
In Today’s Edition:
Saudi Arabia Allows Foreign Investment in Makkah and Madinah Real Estate Companies
Hyatt Signs Agreement to Open First Hyatt Place AIUIa Hotel in 2025
Marriott International to Open the World’s Largest Courtyard by Marriott Hotel in Makkah
Saudi Arabia Resumes Construction on $26 Billion Jeddah Tower, World’s Tallest Tower
REAL ESTATE
✨Saudi Arabia Allows Foreign Investment in Makkah and Madinah Real Estate Companies
Saudi Arabia has just opened up exciting new opportunities for foreign investors as they're now allowing investment in real estate companies located in the holy cities of Makkah and Madinah.
Key Takeaways:
Foreign investment is now permitted in real estate companies within Makkah and Madinah.
This move aims to boost development and diversify investment in these key cities.
It opens doors for international participation in the growth of Makkah and Madinah's real estate sector.
This landmark decision by Saudi Arabia to allow foreign investment in Makkah and Madinah real estate companies is a significant step. Read more
HOSPITALITY
✨Hyatt Signs Agreement to Open First Hyatt Place AIUIa Hotel in 2025
Hyatt is expanding its presence in Saudi Arabia with a brand new hotel! They've just signed an agreement to open the first Hyatt Place hotel in AlUla.
Key Takeaways:
The first Hyatt Place hotel in AlUla is set to open in 2025.
The hotel will be located near the UNESCO World Heritage sites of Hegra and AlUla Old Town.
Guests can expect modern amenities, comfortable accommodations, and convenient access to AlUla's attractions.
The Hyatt Place AlUla hotel is coming in 2025, offering travelers a convenient and comfortable base to explore the region's rich history and stunning landscapes. Read more
HOSPITALITY
✨Marriott International to Open the World’s Largest Courtyard by Marriott Hotel in Makkah
Marriott International is about to make a BIG statement in Makkah! They're planning to open the world's largest Courtyard by Marriott hotel in the holy city.
Key Takeaways:
The world's largest Courtyard by Marriott is coming to Makkah.
This mega-hotel will offer a massive number of rooms and a wide range of amenities.
The opening is planned for 2026.
The world's largest Courtyard by Marriott is set to open its doors, promising a comfortable and convenient stay for those visiting this sacred city. Read more
TRAVEL
✨Saudi Arabia Resumes Construction on $26 Billion Jeddah Tower, World’s Tallest Tower
The sky's the limit again! Construction on the Jeddah Tower, once envisioned as the world's tallest building, has resumed in Saudi Arabia.
Key Takeaways:
Construction restarts on the Jeddah Tower, a mega-project aiming to be the world's tallest building.
This ambitious project is back on track, potentially reshaping the Jeddah skyline.
The Jeddah Tower's completion would be a major feat of engineering and a landmark for Saudi Arabia.
The Jeddah Tower project is back in motion, with the potential to become the world's tallest building. Read more
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