Where does the money for Hajj go?
The millions who come to Mecca every year bring billions of dollars to the Saudi economy. Restaurants, travel agents, airlines and mobile phone companies all earn big bucks during the Hajj, and the government benefits in the form of taxes.
How much money does Saudi Arabia make from tourism 2021?
Tourism Revenues in Saudi Arabia is expected to reach 15606.00 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Tourism Revenues is projected to trend around 16029.00 USD Million in 2022, according to our econometric models.
How much does Hajj and Umrah contribute to Saudi Arabia’s GDP?
The Kingdom saw more than 19 million pilgrims for Umrah and 2.5 million pilgrims for Hajj in 2019. Combined, they contributed approximately $12 billion, or 7 percent of total GDP and 20 percent of its non-oil GDP.
Why spend your money in Mecca?
The price of Mecca souvenirs is often eye-wateringly high and most of the products like prayer mats and beads are not made in the city, but rather in China. But Mr Abdel Rahman says he feels a great spiritual relief when he spends his money in Mecca.
How much money does Mecca bring to Mauritius?
There are no official estimates for this profitable trade, but it is believed to bring hundreds of millions of dollars every year. Ahmed Abdel Rahman, 43, will leave Mecca laden with presents and souvenirs for loved ones back in Mauritius.
How much money does Hajj generate the private sector?
Last year, the 10-day event generated some $10bn (£6.2bn), according to the Chamber of Commerce in Mecca. The private sector also maximises its returns during Hajj, with investment in real estate an attractive proposition ahead of the pilgrimage. The highest rents in Saudi Arabia are found in the holy city of Mecca, the birthplace of Islam.