Eight investment opportunities launched in Hajj and Umrah sector at Makkah forum

Eight investment opportunities launched in Hajj and Umrah sector at Makkah forum
Eight investment opportunities in the Hajj and Umrah sector have been launched by the Makkah Development Commission on the second day of the Makkah Economic Forum. (AN photo by Huda Bashatah)
Updated 08 May 2018

Eight investment opportunities launched in Hajj and Umrah sector at Makkah forum

Eight investment opportunities launched in Hajj and Umrah sector at Makkah forum
  • Investment opportunities agreed at Makkah Economic Forum include support for people with special needs and historical sites
  • Total value of investment opportunities is more than SR1 billion

JEDDAH: Eight investment opportunities in the Hajj and Umrah sector have been launched by the Makkah Development Commission on the second day of the Makkah Economic Forum.
The opportunities are: A sacrificial meat waste management factory; a project of support services for people with special needs; Miqat Qarn Al-Manazel development project; the food factory for pilgrims project; Makkah-made product factory; Makkah Gate development project; downtown terminal project; and Makkah and Madinah historical sites development project.
The investment cost of the sacrificial meat waste management factory is SR88 million ($23.5 million).
The project of support services for people with special needs costs SR24 million and aims to provide high-quality services for the physically challenged and the elderly during the Hajj and Umrah seasons.
The Qarn Al-Manazel development project, which involves an investment of SR50 million, aims to renovate the areas near Qarn Al-Manazil Miqat, where shopping areas and washing facilities will be built.
The food factory for pilgrims project, which costs SR90 million, will build and operate a food factory in Muzdalifah area to provide high-quality food to pilgrims at affordable prices.
The Makkah-made product factory, costing SR175 million, will construct a commercial center to promote the products made in Makkah and Madinah, including souvenirs, local food, and other commodities.
Makkah Gate development project costs SR130 million and aims to build and operate the Makkah Gate as well as a parking area and commercial buildings for rent.
Downtown Terminal Project, which costs SR85 million, will build and operate a downtown station accessible to all five-star hotels. It also aims to reduce the pressure on local and international terminals and improve visitor experience.
The Makkah and Madinah historical sites development project involves an investment of SR425 million to renovate four historical sites of great significance in Makkah and Madinah — Jabal Al-Noor, Jabal Thor, Jabal Al-Rumah and Arwah Ibn Al-Zubair Palace.