Madinah: The city of Madinah is fast becoming one of Saudi Arabia’s most attractive investment destinations. Over 224 development projects worth more than SAR200 billion are now underway across the region.
According to the Madinah Chamber of Commerce and Industry, the projects cover over 30 million square metres of land. They include 15 government-led projects, 10 semi-government initiatives and 199 private-sector ventures.
Most of the projects are in the commercial sector, with 162 ventures, followed by mixed-use, residential, tourism and education projects. Together, they are expected to create more than 125,000 new jobs in the region.
Officials said these developments support Saudi Vision 2030, which aims to diversify the economy and attract private investment.
New investment opportunities
The Chamber highlighted nine key advantages that make Madinah attractive for investors. These include tax exemptions, full foreign ownership in most sectors and easier licensing procedures.
The region also benefits from strong infrastructure, including three international airports, major seaports and an industrial city with more than 540 factories.
Capital market reforms
Saudi Arabia’s Capital Market Authority (CMA) recently allowed foreign investors to own up to 49% of shares in companies that hold real estate in Makkah and Madinah.
This move aims to bring more international investment into the Saudi market and boost the local economy.
Strong growth outlook
Experts say Madinah’s combination of new projects, investment incentives and financial reforms is turning it into a leading business hub.
However, analysts warn that the success of these projects will depend on effective planning, regulation and job creation for local talent.
With major infrastructure expansion and investor-friendly policies, Madinah is positioning itself as one of the most promising regions for business growth in Saudi Arabia.
