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Tuesday, Feb 27, 2024

Partnership to transform holy cities into financial hubs of Islamic world

Partnership to transform holy cities into financial hubs of Islamic world

Three commerce chambers are partnering to transform Makkah and Madinah into financial and business hubs of the Islamic world. 
The Makkah Chamber of Commerce, Madinah Chamber of Commerce and Industry and the Islamic Chamber of Commerce, Industry and Agriculture will sign the tripartite partnership agreement on Wednesday in the presence of representatives from 57 member states of the Organization of Islamic Cooperation. 

Abdullah Saleh Kamel, chairman of the board of directors for the Makkah Chamber of Commerce, said the agreement aims to provide logistical support on the ground in both holy cities through investment and integrated planning for global events. 

Kamel added that the partnership will also benefit business sectors in the holy cities by hosting a number of exhibitions, forums, workshops and dialogues with decision-makers from the Islamic world.

Munir Mohammed Nasser, chairman of Madinah’s Chamber of Commerce, noted that the agreement is in line with the goals of Saudi Vision 2030, which seeks to highlight the role of the two holy cities in promoting Islamic values while encouraging social and economic development.
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