With the entry into force of the Non-Saudi Property Ownership Law, the Kingdom's legislative framework has evolved. <The system contributes to expanding the base of investment opportunities by enabling non-Saudi companies and entities to enter the real estate market within clear controls and integrated digital procedures, which supports the sustainability of growth and raises the level of confidence in the Saudi investment environment. The system also enhances the integration of the investment system by linking ownership procedures with approved investment paths, which contributes to accelerating business practice, improving investor experience, and raising the efficiency of the investment cycle in the real estate sector.
Attracting international developers and quality projects This development is a supportive factor in attracting international developers and quality projects with high added value, and contributes to raising the quality of real estate projects in the residential, commercial, tourism and industrial sectors, as well as stimulating the transfer of international knowledge and expertise to the local market. In this context, Invest in Saudi Arabia called on non-Saudi companies and entities to register their real estate investments through the Invest in Saudi Arabia platform, ensuring that they benefit from the approved investment paths and available incentives, and facilitate procedures within an integrated digital system that supports the speed of completion and clarity of requirements.
<The economic impact of the system is expected to increase the contribution of the real estate sector to non-oil GDP, generate quality job opportunities for citizens, and support sustainable urban growth, in line with the objectives of Saudi Vision 2030 in building a competitive and open economy to the world. This regulatory shift underscores the Kingdom's continued progress in developing the business environment, raising the efficiency of legislation, and enhancing its global competitiveness as an attractive center for long-term investment.
