<Last week, the Makkah Chamber of Commerce organized a workshop entitled "Non-Saudis Ownership System"", in cooperation with the General Real Estate Authority, in the presence of a group of investors and entrepreneurs.

The workshop aimed at reviewing the new regulations and controls, highlighting the advantages provided by the system and investment opportunities that enhance the competitiveness of the Saudi real estate market to enhance openness and build investment bridges that draw the features of a more competitive real estate market. The workshop aimed to review the new regulations and controls, highlighting the advantages provided by the system and the investment opportunities that enhance the competitiveness of the Saudi real estate market to promote openness and build investment bridges that shape a more attractive and comprehensive real estate market at the global level, in line with the objectives of the Kingdom's Vision 2030 in enhancing the investment environment and developing the real estate sector.

The workshop aimed to review the new regulations and controls, and highlight the advantages provided by the system and the investment opportunities that enhance the competitiveness of the Saudi real estate market. The Non-Saudi Real Estate Ownership System in the Kingdom allows foreigners to own real estate, but with specific conditions and controls, and the system aims to attract foreign direct investment and enhance the real estate sector's contribution to GDP.

The system aims to attract foreign direct investment and enhance the real estate sector's contribution to GDP.