Saudi Arabia set for $10 billion from hajj: study
Published on Aug 25, 2014 11:32 PM
MECCA, Saudi Arabia (AFP) - Saudi Arabia could earn US$8.5 billion (S$10.6 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 3 per cent 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 per cent, from abroad.
According to the report, a pilgrim who has travelled from another country will spend an average of 17,381 riyals (S$5,790) during Hajj, which runs for five days.
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