The Race to Buy Real Estate in Mecca

For the first time in history, Saudi Arabia is allowing international buyers to purchase property in Mecca. This regulatory shift has ignited a building boom, raising concerns over affordability and overdevelopment.  On today’s Big Take podcast, Bloomberg’s Zainab Fattah joins Sarah Holder to discuss what this property gold rush means for the city’s future and Saudi Arabia’s move away from oil. Read more: Saudi Arabia's MBS Opens Mecca Property Market in Investment Push Hosted by Sarah Holder; Produced by Rachael Lewis-Krisky; Reported by Zainab Fattah; Edited by Tracey Samuelson. Fact-checking by Eleanor Harrison-Dengate and David Fox; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.