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KSA expects Hajj revenues to exceed USD 4.2 b
Published : 28 Aug 2017, 19:55
Saudi Arabia expected its Hajj revenues to exceed 4.2 billion U.S. dollars for the current season, Al Sharq Al Awsat local newspaper reported on Monday.
A local study highlighted that the revenues are expected to jump to 5.6 billion dollars in five years due to the ongoing increase in the expenditures of pilgrims.
The study recommended benefiting from the Hajj season by attracting foreign investments.
It also highlighted the importance to consider the season as a tourism industry with respect to its religious aspects.
Pilgrims mainly spend on accommodation, transportation, food and gifts.