Returns from Haj, Umrah to hit SAR48 bn by 2020

Huge returns from Hajj
Huge returns from Hajj

Participants in the Madinah Forum for Labour Market and Employment expect business generated by Hajj and Umrah to reach SAR6.22 billion. 

This expectation is following completion of expansion of the Grand Mosque in Makkah and Prophet’s Mosque in Madinah.

They expect returns to hit SAR48 bn by 2020, as reported by Al-Madinah. The Madinah Forum had concluded its deliberations recently after two sessions that dealt with eight themes.

Several recommendations were presented including establishment of a specialist center for human development and training, studies for labour market and employment in Madinah. They include the ministries of labor, civil service and planning and national economy and human resources development fund.

A working team will be formed and it will include members with specializations and experience from the private sector including all sectors of the labor market and employment in the region as well as officials from government departments concerned with organizing the labor market. This will be a joint effort so a special strategy that is in conformity with the region’s labor market can be employed. The Madinah governorate will organize the team with participation of the chamber.

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