Madinah’s investment landscape booms with promising opportunities 
I was honored to participate in the recent Madinah Investment Forum organized by the Madinah Chamber of Commerce in collaboration with the Ministry of Investment.
The event showcased over 200 investment opportunities in the region with a combined value of more than SR57 billion ($15.2 billion) across sectors like hospitality, logistics, agriculture, renewables and real estate.
Home to the Prophet’s Mosque, Madinah is the second holiest site in Islam and the most visited pilgrimage destination after Makkah. Its religious and historical significance makes it a leading investment destination.
Foreign investment in Madinah surged to SR53.7 billion in 2023, from SR23.7 billion in 2020.
The event showcased over 200 investment opportunities in the region with a combined value of more than SR57 billion ($15.2 billion).
Mazen bin Ibrahim Rajab, chairman of the Madinah Chamber of Commerce, said the value of projects executed in Madinah this year was SR210 billion, of which 50 percent came from the private sector.
Last year, the region welcomed more than 14 million visitors, who spent SR50 billion. On the 2024 index of the top 100 tourist destinations it ranked first locally, fifth in the Gulf and seventh in the Middle East.
It also ranked fourth locally and seventh in the Arab world on the Smart Cities Index, second in the Kingdom for commuting to work and first globally for the safety of women traveling alone.
• Talat Zaki Hafiz is an economist and financial analyst. X: @TalatHafiz
