A square meter of land in Makkah now costs SR 2 m

February 9, 2013

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Jeddah, Feb 9: Investors may have to pay a whopping SR 2 million for a square meter of land in the central zone around Makkah by the end of 2013, said chairman of the real estate committee at the Makkah Chamber of Commerce and Industry Mansour Abu Rayash.

Prices ranged between SR 500,000 and SR 1.5 million in 2012. A square meter in a strategic area in Japan is about $ 100,000, seven times cheaper than Makkah, he was quoted as saying in Al-Sharq newspaper.

“Real estate investments rose to 45 percent in Makkah alone while the rest of the country’s regions accounted for the remaining 55 percent,” he said, adding that the percentage would increase to more than 50 percent in 2013.

“The real estate market in Makkah witnessed above-expectation figures in terms of pricing and deals. Forty-five percent of all liquidity poured into the city of Makkah.”

“Makkah is witnessing massive activity in its real estate market caused by property-expropriation compensations which amounted to SR 200 billion in 2012.”

Abu Rayash said a lot of money was poured into the real estate market in Makkah by many investors from different regions including Riyadh, Qasim, Eastern Province and southern regions. He said liquidity in Makkah would increase to SR 250 billion in 2013 as a result of “the demolishing of the Parallel Road, the expansion of the Madafe, Jabal Alkaba and Harat Assada districts and progress on the issue of unplanned districts in the city.”

Abu Rayash said many investors are heading to Makkah instead of other main cities such as Riyadh and Jeddah because of the massive growth in the numbers of Umrah and Haj pilgrims. “It is expected the city will receive seven million Umrah pilgrims and four million Haj pilgrims this year as a result of expanding the Holy Sites, the new Mashaer and Makkah trains and the completion of the Jamrat Bridge expansion.”

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Agencies
April 22,2025

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Prime Minister Narendra Modi is set to make a landmark visit to Saudi Arabia on Tuesday, becoming the first Indian prime minister in four decades to set foot in the port city of Jeddah.

The high-profile visit comes at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud and signals a renewed chapter in the India-Saudi partnership.

During the prime minister's visit, Modi and the Crown Prince will co-chair the second meeting of the India-Saudi Strategic Partnership Council, a forum established during the prime minister’s 2019 visit to institutionalize deeper engagement between the two nations.

Six pacts ready to be signed — more may follow

According to high-level sources cited by news agency PTI, India and Saudi Arabia will ink at least six key memoranda of understanding (MoUs) during Modi's visit. These will cover vital sectors including space exploration, energy, healthcare, scientific research, culture, and advanced technology.

“Negotiations were still underway late Monday to finalise additional MoUs,” a senior official confirmed, adding that over a dozen agreements were on the table — some of which may be signed at the official level even if not during the PM’s presence.

Hajj quota, pilgrim support on the agenda

In his bilateral meeting with Crown Prince Mohammed bin Salman, Modi will also raise issues related to Hajj, including India’s annual pilgrimage quota. Sources said that the prime minister aims to ensure smoother coordination and increased support for Indian pilgrims.

India’s Hajj quota for 2025 has grown to 175,025 from 136,020 in 2014, with arrangements already in place for 122,518 pilgrims. However, around 42,000 Indians are unlikely to make the journey this year due to delays by Combined Haj Group Operators in securing agreements.

Indian ambassador to Saudi Arabia, Suhel Ajaz Khan, highlighted Jeddah’s dual importance — both as a historical trade hub with India and as the primary gateway to Mecca. “Hajj is a vital aspect of our bilateral ties, and the Indian government places immense importance on ensuring a seamless pilgrimage experience,” he said.

On Wednesday, the prime minister is also scheduled to visit a factory in Jeddah that employs a large number of Indian workers — a gesture underlining the critical role of the Indian diaspora in strengthening bilateral relations.

Notably, Modi was awarded Saudi Arabia’s highest civilian honour, the King Abdulaziz Sash, in 2016 — a testament to the deepening diplomatic and personal rapport between the leadership of both nations.

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News Network
April 14,2025

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Israel has prevented tens of thousands of Palestinians in the occupied West Bank from entering the holy land of Jerusalem to celebrate a Christian festivity at the city’s churches.

The Palestinian WAFA news agency reported that only a limited number of Palestinian Christians were able to attend celebrations in al-Quds for the Palm Sunday feast day. 

Israeli forces issued only 6,000 permits for West Bank Christians, although the population exceeds 50,000, the report added.

The occupation’s soldiers imposed strict measures at checkpoints surrounding al-Quds and its Old City, home to the Church of the Holy Sepulchre.

“This is the second consecutive year that only a small number of pilgrims are able to participate in Holy Week and Easter celebrations in al-Quds, due to the ongoing conflict,” said Father Ibrahim Faltas, deputy head of the Custody of the Holy Land.

Christians in the Gaza Strip commemorated Palm Sunday at Saint Porphyrius Greek Orthodox Church, just hours after an Israeli aerial assault on the nearby al-Ahli Arab hospital.

In a statement, the Gaza-based Hamas resistance group censured Israel for restricting West Bank Palestinians’ access to al-Quds.

The Israeli move is a part of a broader racist and fascist policy aimed at isolating Palestinians from their homeland and holy sites, it added.

Hamas also called on all churches across the world to condemn the occupation and its ongoing attacks on freedom of worship and access to holy sites.

It further urged the international community to take serious steps towards ending Israel’s genocidal war in the Gaza Strip, which is aimed at annihilating Palestinians and liquidating their cause.

Israel launched its brutal Gaza onslaught on October 7, 2023, after Hamas carried out a historic operation against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

After one and a half years of war, the Tel Aviv regime has failed to achieve its declared objectives in the besieged territory, despite killing at least 50,944 Palestinians, mostly women and children, and injuring 116,156 others.

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News Network
April 18,2025

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The US military has struck the western Yemeni oil port of Ras Isa, leaving dozens of workers and paramedics dead, and dozens more injured.

The facility in Hudaydah governorate was hit at least two times on Thursday night, with the second strike coming as civil defense and rescue teams were extinguishing fires and recovering victims. The second attack killed at least five paramedics.

The Palestinian Information Center and al-Manar TV now report that at least 38 people have been killed in that attack, while 102 others injured.

The Yemeni government slammed the attack as a clear war crime aimed at supporting the Zionist regime and enabling it to continue the Gaza genocide.

It said the strikes prove that the US deliberately attacks civilian infrastructure in Yemen with false justifications.

The government vowed that this crime would not pass without painful punishment, and the US would reap nothing but humiliating defeat and failure.

The US military claimed the port was a source of fuel for the Ansarullah resistance movement.

The governorates of Sana'a, al-Bayda and Hudaydah were also hit with multiple strikes.

The United States intensified its deadly attacks on the country last month at President Donald Trump’s direct orders.

Washington claims the raids are strictly aimed at protecting shipping activity around Yemen, alleging that the regional waterways’ maritime security had been endangered by Sana’a.

Yemeni officials have, however, roundly rejected such claims, underlining that the country only targeted vessels belonging to the Israeli regime and ships taking supplies to it.

The operations implemented by Yemen’s Armed Forces began in October 2023, when the Israeli regime, the US’s most cherished regional ally, began taking the Gaza Strip under a genocidal war.

More than 51,000 Palestinians, mostly women and children, have been killed as a result of the warfare, which receives hugely enhanced and unstinting arms support on the part of Washington.

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