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Investment Minister on non-Saudis' property rules
The Minister of Investment in the Kingdom of Saudi Arabia, Fahad bin Abdul Jaleel Al-Sef, announced that the Cabinet has approved the updated system for non-Saudis' property ownership, including the definition of geographic zones and the executive regulations. This approval has contributed to enhancing the competitiveness of the investment environment, attracting foreign companies, and providing a clear framework for establishing businesses and expanding in the Saudi market. Additionally, this step helps increase regulatory certainty for investors and supports the Kingdom's attractiveness as a regional and global hub for business, especially in the sectors of real estate development, infrastructure, and services.
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