Projected Haj spending reaches SR17 billion

Updated 30 September 2015
0

Projected Haj spending reaches SR17 billion

MAKKAH: The volume of spending expected during the current Haj season is approximately SR17 billion, according to Maher Saleh Jamal, chairman of the Board of Directors of the Makkah Chamber of Commerce and Industry.
Talking to an online newspaper, Maher Saleh Jamal said that spending is expected to increase during next year's Haj season once the expansion plan of the Holy Mosque in Makkah is completed.
He further confirmed that this year, the Haj and Umrah sectors have been running at a loss due to a reduction in the number of Haj pilgrims coming to the country. The most badly affected sector has reportedly been the accommodation sector, which now has a surplus of 700,000 beds. According to Jamal, all sectors related to Haj have suffered over the past three years due to the expansion project of the Holy Mosque.
Jamal said that the one of the major economic industries in Makkah is the accommodation sector, where massive investments have been made in hotel rooms, apartments, and residential buildings. Regarding spending levels during Haj season, he said that total figures usually reach SR26 billion per year, yet this figure has declined by 20 percent to just SR17 billion since the expansion works began.


Sharm El-Sheikh main road named after King Salman

Updated 26 April 2019
0

Sharm El-Sheikh main road named after King Salman

SHARM EL-SHEIKH, Egypt: The main road in the Egyptian Red Sea resort town of Sharm El-Sheikh has been named after King Salman, the Saudi Press Agency reported on Thursday.

Maj. Gen. Khaled Fouda, governor of South Sinai, made the announcement during a ceremony to mark the 37th anniversary of Sinai Liberation Day.

Saudi Arabia’s Ambassador to Egypt Osama Nugali, who is also the Kingdom’s permanent representative to the Arab League, participated in the event.

Nugali thanked President Abdel Fattah El-Sisi for bestowing the honor on King Salman.