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Saudi religious tourism set to rise following $50 billion infrastructure investment

from The National

Religious tourism in Saudi Arabia, the Arab world's largest economy, is set to pick up pace as the kingdom undertakes at least US$50 billion worth of projects aimed at boosting the number of Hajj and Umrah pilgrims over the next three years. "Religious tourism is already a key part of the non-oil economy, and we believe that it will become even more important as the government invests in the sector," said Raphaele Auberty, MENA Country Risk Analyst at BMI Research, a unit of the Fitch Group. more

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