Merchandising Mecca

Posted: July 18, 2013 in Consumerism, Islamic Finance
Tags: ,

IMG_1711

The choice is clear

Consumerism. Offer people the choice, they bid up the price for what is on offer, creating a lucrative market, enticing others to participate, increasing revenues. Ensure the availability to the masses, open access to all markets, keep the supply in line, increase demand; higher price tag, greater sales

“No wonder some Muslims feel so at home in Harrods..”

“a steel and concrete metropolis built on the proceeds of enormous oil wealth that showcases their national pride…”

ZamZam Towers

Mecca as it once was…..

download

..and how it could potentially be ….

images

Note: this image is simply one of a number of proposals commissioned, the current extension work is not shown in this image. Those interested in another future extension design for the Haram should watch this

Placing these proposals into a broader economic context, Saudi Arabia is one of a number of emerging market nations, with forecast GDP growth in the region of 5-6%, the investment in the mega construction projects such as this is one way of keeping this growth on an upward trend, and therefore is of lesser benefit to the muslim ummah, and perhaps more in favour of those at who have vested interests in the Saudi state. Thus, this demonstrates the way in which the underlying motives behind this rapid expansion are little to do with practical needs, and are wholly (holy) economic (read, keeping apace with the global ribanomic race)  in nature.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s