RIYADH (BN24)— Saudi Arabia has officially opened the door for Nigerians to own property in the holy city of Makkah, marking a significant step in its strategy to attract global investment and advance urban development in the region. This development accompanies the launch of the King Salman Gate project, a landmark urban transformation initiative announced by Crown Prince Mohammed bin Salman.
Prince Mohammed bin Salman, who also serves as Prime Minister and Chairman of RUA Al Haram Al Makki Company, unveiled the project as part of Saudi Arabia’s broader vision to modernize Makkah’s infrastructure while preserving its religious and cultural heritage.
The King Salman Gate project will span approximately 12 million square meters of gross floor area adjacent to Al-Masjid Al-Haram, Islam’s holiest mosque. The development is designed to position Makkah as a global benchmark for modern urban planning and hospitality.
According to the Crown Prince’s statement, the project aims to improve pilgrims’ experiences by enhancing accessibility to Al-Masjid Al-Haram and upgrading service quality throughout the area. The mixed-use complex will feature residential, hospitality, commercial, and cultural facilities, offering space for approximately 900,000 indoor and outdoor worshippers.
Strategically located with seamless access to public transportation, King Salman Gate will blend Makkah’s rich architectural heritage with world-class modern living. The project includes restoration and development of around 19,000 square meters of heritage sites, underscoring Saudi Arabia’s commitment to preserving Makkah’s cultural legacy.
The initiative is expected to contribute significantly to Saudi Vision 2030 by generating over 300,000 jobs by 2036 and transforming the local economy through sustainable urban development.
RUA Al Haram Al Makki Company, a Public Investment Fund (PIF) affiliate responsible for the project’s execution, focuses on innovative, sustainable resource management. The company is dedicated to providing exceptional real estate experiences while supporting PIF’s goal of establishing Makkah as a global hub for investment and pilgrimage.
This move to allow Nigerians and other international investors to own property in Makkah aligns with Saudi Arabia’s broader efforts to diversify its economy, boost foreign investment, and enhance the city’s capacity to accommodate growing numbers of pilgrims.
