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Al-Huqail: Foreign Property Boosts Saudi Image
Minister of Municipal and Rural Affairs and Housing in the Kingdom, Majid bin Abdullah Al-Hogail, expressed gratitude to the country's leadership following the Cabinet's approval of the geographical zones and the executive regulations of the system allowing non-Saudis to own property. The goal is to develop the real estate market and boost its confidence through a clear framework that specifies the locations where ownership is permitted and outlines investors' rights, with particular focus on sensitive areas such as Mecca and Madina. Additionally, the new regulations help improve procedures and enhance transparency, thereby supporting the Kingdom's position as a global investment and real estate hub.
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