The the Council of Ministers, chaired by the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God protect him, during its session held today in Jeddah, approved the unified rules for owners of real estate joint ventures in the Gulf Cooperation Council (GCC) countries.

According to the Saudi Press Agency, the Council discussed the proceedings of the high-level meeting of the United Nations General Assembly on the Urban Agenda, which highlighted the Kingdom’s successes and achievements in building more sustainable cities with a higher quality of life by increasing the rate of home ownership among Saudi families, expanding per capita access to public spaces, developing the transportation system, and broadening community participation in the development process.
The Council of Ministers reviewed a series of reports, statistics, and indicators related to the national economy and the contribution of the Kingdom’s reforms and policies to achieving a positive impact on growth rates; including the stabilization of the annual inflation rate at (1.8%) in the recent period, continuing to remain at low levels compared to many advanced and emerging economies.

The Council also highlighted the Kingdom’s progress in ranking 13th globally among the largest economies attracting foreign direct investment in 2025; according to a report by the United Nations Conference on Trade and Development (UNCTAD), affirming that this achievement reflects the Kingdom’s established position as a global investment destination, the effectiveness of its economic reforms, as well as the growing investor confidence in the investment environment, supported by a 53% increase in net foreign direct investment inflows to $32.6 billion, and the increased competitiveness of strategic sectors, foremost among which are energy, infrastructure, technology, advanced industries, and logistics.