Makkah Market Outlook H2 2019

19 feb. 2020

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  • Hospitality: Government initiatives such as the reduction of Hajj and Umrah fees as well as the relaxation of tourism visas help support growth in the hospitality sector
  • Retail: Increased number of pilgrims expected to drive retail expenditure and subsequent demand for retail space
  • Residential: Foreign investment to support residential demand for high-end apartments
  • Office: Office demand supported by construction projects in Makkah