Saudi Arabia opens Mecca, Medina to foreign investors

Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam’s two holiest cities.The decision „aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy,“ the kingdom’s Capital Market Authority said in a statement…
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