Saudi set for USD 8.5 bn from Hajj: study

Image
AFP Mecca
Last Updated : Aug 25 2014 | 9:35 PM IST
Saudi Arabia could earn USD 8.5 billion from this October's hajj, according to a study published on Monday, which predicted that two million Muslims would make the pilgrimage to Mecca.
The Mecca Chamber of Commerce said revenues from the world's largest annual gathering of Muslims would increase by three percent from last year.
The study was based on estimates that 1.98 million pilgrims will travel to the holy Muslim city of Mecca, including 1.38 million, or 70 percent, from abroad.
According to the report, a pilgrim who has travelled from another country will spend an average of 17,381 riyals during Hajj, which runs for five days.
A domestic worshipper pays around 4,948 riyals, the study found.
Expenses include housing, food and drink, gifts and phone bills.
Millions of people visit Islamic holy sites in Saudi Arabia for the hajj, a pilgrimage all Muslims are expected to make at least once in their lives if health and finances permit.
Saudi Arabia also hosts millions of Muslims annually for the lesser umrah pilgrimage, which may be undertaken at any time throughout the year.
Around six million Muslims took umrah during the holy fasting month of Ramadan in July this year, according to authorities.
As well as Mecca, Saudi Arabia is also home to Islam's other holiest place -- Medina.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 25 2014 | 9:35 PM IST

Next Story