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Parliament Approves Real Estate Law Articles
The House of Representatives approved the draft amended law of the Real Estate Ownership Law for the year 2026. The law includes an exemption for railway lines mapped out within the Kingdom from the provisions of the law, so they will be subject to the applicable current law. The purpose of the law is to unify legislation related to infrastructure, facilitate the implementation of railway projects, improve the regulation of real estate and the activities of the real estate market, as well as to enhance investment and increase the efficiency of legal procedures related to ownership and expropriation. Additionally, the amendments include the definition of "railways" within the concept of "road" to unify legislative provisions and strengthen the state's capacity to execute strategic transportation projects with high efficiency.
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