Experts Say Foreign Ownership Impact Will Emerge After Details

The Saudi Council of Ministers has approved the executive regulations for the Non-Saudis Property Ownership System, including the delineation of geographic zones where ownership is permitted. The aim is to attract foreign investment and enhance the position of the Saudi real estate market. The decision seeks to increase foreign capital inflows, support major real estate development projects, and create opportunities for partnerships with global developers, while maintaining market balance and safeguarding citizens' interests. It is expected that implementing these designated zones will boost demand for real estate assets within the targeted areas and further enhance the market's attractiveness to foreign investments.

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