04 Dec
Posted by admin as Malaysia, Property, Saudi Arabia
From the billions of ringgit to be ploughed into Saudi Arabia’s new economic city of Jazan to the establishment of a new hotel and restaurant chain in Mecca, Malaysian companies are beginning to make their mark in the desert kingdom.
Mr Al Khaled: Land in Mecca could cost more than RM1m per sq ft
So significant have these investments been that the small nation has become the fourth largest investor in Saudi Arabia - after the US, European Union, and Japan, according to the Saudi Arabian Government Investment Authority (Sagia).