The volume of spending expected during the current Hajj season is approximately 17 billion Saudi Arabian Riyal (approximately N859 billion), according to Maher Saleh Jamal, chairman of the Board of Directors of the Makkah Chamber of Commerce and Industry.
Arab News newspaper quoted Mr. Jamal on Tuesday as saying spending is expected to increase during next year’s Hajj season once the expansion plan of the Holy Mosque in Makkah is completed.
He further confirmed that this year, the Hajj and Umrah sectors ran at a loss due to reduction in the number of Hajj pilgrims coming into the country.
The most badly affected is the accommodation sector, which now has a surplus of 700,000 beds.
According to Mr. Jamal, all sectors related to Hajj suffered over the past three years due to the expansion project of the Holy Mosque.
He said one of the major economic industries in Makkah was the accommodation sector, where massive investments had been made in hotel rooms, apartments, and residential buildings.
Regarding spending levels during Hajj season, he said the figures usually reach SR26 billion per year, (1.3 trn) yet this figure has declined by 20 percent to just SR17 billion since the expansion works began.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...