16 Hrs
Source:
الاقتصادية
Experts: Foreign Property Ownership Boosts Saudi Investment
The Saudi Cabinet has approved the executive regulations of the Non-Saudis Property Ownership System, specifying the geographic areas where ownership is permitted, with the aim of increasing foreign investment inflows and strengthening the real estate market. The decision intends to attract international capital, support major real estate projects, and develop the real estate sector, while ensuring a balance between foreign investments and safeguarding citizens' interests. This is expected to enhance the attractiveness and liquidity of the Saudi real estate market, with controlled distribution of ownership within designated areas.
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