Hajra Naz
Saudi Arabia will permit foreigners to own real estate in some regions of the nation as early as January 2026. The Saudi Cabinet gave its approval to this new regulation.
It is a component of a strategy to open the economy and attract more foreign capital.
Foreigners can purchase real estate in some areas, primarily in major cities like Jeddah and Riyadh.
However, due to their religious and cultural significance, Mecca and Medina will have unique regulations.
Rules to Protect Local Values
The government has added safety measures to the new law.
These are there to protect Saudi culture and public interests.
Officials say they want to welcome investors but also respect traditions and protect local citizens.
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How This Helps the Country
Officials believe this change will bring many benefits, such as:
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More foreign investment
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New real estate projects
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Better housing options in cities
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More job opportunities for Saudi people
Part of Vision 2030
This decision is part of Vision 2030, Saudi Arabia’s long-term plan for the future. The goal is to grow the economy beyond oil.
The plan focuses on other areas like tourism, construction, and real estate.
By opening its property market, Saudi Arabia is showing it wants to work with other countries and become more business-friendly.
