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FINANCIAL NEWS
Saudi Arabia to build $8b city for pilgrims
25 Aug 2010
(MENAFN) Saudi Arabia’s deputy minister for municipal and rural affairs stated that the kingdom has allocated $8 billion for constructing a �pilgrim city� just north of Mina, Arab News reported
He pointed out that the planned city would be able to accommodate 1.5 million pilgrims during the hajj, and that the Council of Senior Islamic Scholars had been instructed to look into the plans.
The plans would allow more pilgrims to visit the holy sites during the hajj; around 2.5 million pilgrims from around the world perform hajj every year.
Mina is located east of the city of Makkah, and has historically played an important role as a site for temporary tented accommodation for pilgrims.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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