Saudi Arabia allows Nigerians to own property in Makkah

Saudi Arabia allows Nigerians to own property in Makkah

Saudi Arabia has officially opened opportunities for Nigerians to own property in Makkah following the launch of the King Salman Gate project, a transformative initiative aimed at boosting global investment and urban development in the Holy City.

His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Board of Directors of RUA Al Haram Al Makki Company, announced the launch of King Salman Gate in a statement on behalf of the Crown Prince.

It stated, “Spanning up to 12 million sqm gross floor area adjacent to Al-Masjid Al-Haram, the project marks a major milestone in the development of Makkah and its central area, establishing it as a global benchmark in modern city planning.”

The statement added that King Salman Gate’s urban development and infrastructure transformation “will contribute to enhancing access to Al-Masjid Al-Haram, elevating service quality, and enriching every visitor’s journey, in alignment with the goals of the Pilgrim Experience Program.”

“Strategically located next to AlMasjid AlHaram, the integrated mixed-use destination will prioritise further elevating the levels of currently provided services while offering residential, hospitality, commercial and cultural experiences with capacity for around 900,000 indoor and outdoor praying spaces,” it continued. “With its seamless connection to public transportation networks, King Salman Gate will ensure easy access and comfort and will pay homage to Makkah’s identity, blending its rich architectural heritage with world-class modern living to create a truly unique experience. It will also restore and develop approximately 19,000 sqm of heritage sites, preserving Makkah’s cultural and historical legacy to enrich every visitor’s journey. The project will contribute to Saudi Vision 2030’s goals of economic transformation through generating more than 300,000 jobs by 2036.”

The statement further explained that “King Salman Gate is being developed by RUA AlHaram AlMakki Company, a PIF company. The company aims to support PIF’s strategy by advancing urban development around AlMasjid AlHaram to establish Makkah as a global benchmark for real estate development. The company is committed to sustainable resource management through innovative solutions that create a positive impact on residents, pilgrims and visitors while preserving Makkah’s cultural fabric. RUA AlHaram AlMakki is committed to global best practices in real estate development and ensuring exceptional experiences.”