Saudi Arabia will allow foreign companies to invest in Saudi companies that own properties in Mecca and Medina, possibly forshadowing a lift on its ban on foreigners in the holy cities

Saudi Arabia's market regulator said on Monday it would allow foreign investment in listed companies that own real estate within Islam's two holiest sites of Mecca and Medina, as the Gulf country looks to attract more investment.

Saudi Arabia on Monday said foreigners are from now on allowed to invest in Saudi-listed companies that own property in Mecca and Medina, Islam's two holiest cities.

ANKARA (AA) – Turkish Foreign Minister Hakan Fidan will visit Saudi Arabia on Tuesday, according to diplomatic sources. Fidan is expected to highlight the growing strength of political relations between the two countries in his discussions and express the goal of further boosting the rapidly expanding trade volume with Saudi Arabia.