CEO of Thakher Development: We Anticipate that Makkah Will Host 30 Million Umrah Performers Annually Before 2030

CEO of Thakher Development: We Anticipate that Makkah Will Host 30 Million Umrah Performers Annually Before 2030

Eng. Abdulaziz bin Saleh Al-Aboudi, CEO of Thakher Development Company, stated that he anticipates Makkah will host 30 million Umrah performers annually by 2030.   Al-Aboudi made these remarks during his participation in a panel discussion at the second edition of the Manafea Forum 2024, which took place under the patronage of Prince Salman bin Sultan bin Abdulaziz, Governor of the Madinah Region, and was hosted by Prince Saud bin Khalid Al-Faisal, Deputy Governor of the Madinah Region.   Al-Aboudi stated, “The government has made huge efforts and provided comprehensive support to achieve the objectives of Vision 2030, aiming to accommodate 30 million Umrah performers and 6 million pilgrims by 2030. I believe, these numbers will be achieved before 2030, based on the current capabilities we see. Therefore, as real estate developers, we must align our strategies with this direction”.   During the session, Al-Aboudi highlighted that allowing non-Saudis to invest directly and for the long term in listed companies owning real estate in Makkah and Al-Madinah, as well as through licensed funds. He emphasized that this trend “contributes positively to the real estate market and the Saudi economy at large, paving the way for significant investment returns in the hospitality sector by 2030, and opening new avenues for development and investment”.   Al-Aboudi confirmed that work