By IRNA-SPA
Madinah, Saudi Arabia : According to a recent study, the revenues of the sector of hajj and Umrah for this year are expected to range between SR 5. 234 billion and SR 9. 018 billion. The study forecasted that the revenues might jump to about SR 18. 035 billion within the next ten years.
The study said the average of the revenues of Umrah sector constitutes 1.22 percent of the Gross National Product (GNP).
“This means that it is equivalent to SR 7.75 billion.” The study said more projects of hotels and housing units will be implemented to meet the increasing number of pilgrims and Umrah performers.
Due to the openness of the Saudi market to all international products, the pilgrims and Umrah performers, when they go back to, their homelands, they buy numerous commodities from the Saudi market notably the electrical appliances and dates.
Sometimes the pilgrims and Umrah performers market some of the commodities of their own countries in the Kingdom like carpets, some foodstuffs and saffron.