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FINANCIAL NEWS
Saudi investments in Madinah to hit USD133.14b
05 Jul 2015
(MENAFN) Saudi Arabia’s Madinah is set to witness USD133.14 billion in investments in the upcoming years, chiefly in the real estate and construction sector, according to economists, Arab News reported.
The city is expected to witness an increase in population, to reach 2.6 million people after 25 years, and with 12.2 million visitors annually, demand in the real estate and other sectors will significantly heightens.
“The area promises many achievements such the expansion of the Prophet’s Mosque and the development of real estate in the surrounding sites, which in turn will open job opportunities for citizens,” a member of the Shoura Council and the Investment Council of Madinah said.
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