Cabinet approves updated regulations concerning non-Saudi ownership of real estate

His Excellency the Minister of Investment: Cabinet Approval of Geographical Zones and Implementing Regulations for the Updated System for Non-Saudi Ownership of Real Estate Enhances the Competitiveness of the Kingdom’s Investment Environment

His Excellency the Minister of Investment, Mr. Fahd bin Abduljalil Al-Saif, expressed his gratitude and appreciation to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and to His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister – may God protect them – on the occasion of the Cabinet’s approval of the geographical zones and implementing regulations for the updated system for non-Saudi ownership of real estate. He emphasized that this approval contributes to enhancing the competitiveness of the Kingdom’s investment environment, strengthens the presence of foreign companies, and provides them with a clearer framework for establishing their businesses, expanding their operations, and building a long-term investment base in the Saudi market.

His Excellency explained that the adoption of the geographical zones and implementing regulations represents an effective step in increasing regulatory certainty for investors by defining ownership zones, real estate rights, obligations, and usage pathways. This enables foreign companies to plan their investments, headquarters, and operational projects in a structured and transparent manner. His Excellency explained that enabling foreign companies to own property within specific scopes and regulations enhances the Kingdom’s attractiveness as a regional and global business hub. This opens broader horizons for sectors related to real estate development, infrastructure, services, technology, supply chains, and regional headquarters, thereby strengthening the competitiveness of the national economy and maximizing the impact of quality investments on development.

His Excellency concluded by emphasizing that this approval represents a significant addition to the Kingdom’s investment potential and supports the stability and growth of foreign companies within a reliable and regulated environment. He noted that the Kingdom is steadily progressing in establishing an investment-friendly economy based on clear regulations, integrated opportunities, and sustainable growth.