RIYADH: Saudi Arabia’s Public Investment Fund on Monday announced plans to set up two investment companies to develop infrastructure in Mecca and Medina, Islam’s two holiest cities.
The state-run PIF announced the creation of Rou’a Al-Haram and Rou’a Al-Madinah for Mecca and Medina respectively, where the annual number of visitors is expected to triple by 2030.
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