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Saudi Arabia Embraces New Era of Real Estate Investment with Updated Non-Saudi Ownership Regulations
Riyadh, Saudi Arabia – In a significant move poised to further invigorate the Kingdom’s burgeoning real estate sector and attract international investment, the Council of Ministers has approved updated regulations governing the ownership of real estate by non-Saudi individuals and entities. This landmark decision, enthusiastically welcomed by His Excellency the Minister of Housing and Chairman of the Real Estate General Authority, Majid bin Abdullah Al-Hogail, marks a pivotal moment in Saudi Arabia’s economic diversification strategy.
His Excellency Al-Hogail expressed profound gratitude to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness the Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, for their unwavering support and visionary leadership. He emphasized that this approval underscores the government’s commitment to creating an attractive and competitive environment for foreign investment, aligning perfectly with the ambitious goals of Saudi Vision 2030.
The updated regulations are designed to streamline the process for non-Saudis to invest in and own real estate within the Kingdom, fostering greater transparency and accessibility. While specific details of the revised framework are expected to be released in due course, the overarching intent is to unlock new opportunities for international participation in Saudi Arabia’s dynamic property market.
This initiative is anticipated to have a multifaceted positive impact. For international investors, it signifies a clearer pathway to acquiring property, potentially for residential, commercial, or developmental purposes. This could lead to an influx of capital, contributing to job creation and the growth of related industries. For Saudi Arabia, the regulations are expected to stimulate economic activity, enhance the quality of urban development, and bolster the real estate sector’s contribution to the national GDP.
The Council of Ministers’ decision reflects a strategic foresight in adapting the Kingdom’s legal and regulatory landscape to meet global investment trends. By facilitating and encouraging real estate ownership for non-Saudis, Saudi Arabia is not only opening its doors to external expertise and capital but also demonstrating its commitment to becoming a more open and globally integrated economy.
The Real Estate General Authority (REGA) is poised to play a crucial role in the implementation and oversight of these new regulations. REGA’s mandate includes ensuring a robust and efficient framework that benefits all stakeholders, from individual investors to major corporations.
This progressive step is a clear testament to Saudi Arabia’s dedication to economic transformation and its commitment to building a diverse and sustainable future. The updated regulations on non-Saudi real estate ownership are expected to be a significant catalyst in attracting global talent and investment, further solidifying the Kingdom’s position as a prime destination for business and living.
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PR Newswire People Culture published ‘Al-Hogail Thanks the Leadership for the Council of Ministers’ Approval of the Updated Regulation for Non-Saudis’ Ownership of Real Estate’ at 2025-07-10 15:35. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.