How important is the Umrah pilgrimage for the Saudi economy?

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How important is the Umrah pilgrimage for the Saudi economy?
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Coronavirus could put a dent in Saudi plans to increase revenues from pilgrimages

Saudi Arabia has banned the entry of foreign pilgrims into the country as the world tries to contain the global outbreak of the coronavirus.

While Riyadh has issued no information about how long the ban will last, a global pandemic could impact pilgrimages during Ramadan, which is only a couple of months away, and the Hajj pilgrimage that follows soon after.While the overwhelming majority of Saudi Arabia’s wealth comes from its fossil fuel deposits, pilgrimages by Muslims are also a significant contributor to its economy.

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