KUALA LUMPUR: Haj operator Lembaga Tabung Haji (LTH) wants to acquire more properties in the two holy cities of Mecca and Madinah in Saudi Arabia as part of its strategic investment in the Middle East. Its chief executive officer Datuk Ismee Ismail said LTH last year acquired five floors of the Hajjar Tower located near the holy mosque in Mecca, for a 25-year period. The floors have 42 rooms each. Saudi Arabian law prohibits land ownership in the holy land and all properties are acquired on a leasehold basis only.
(11-2-2008 The Edge)
