Month: July 2025

Reading time: 2 MinutesA strategic shift is expected to reshape the Saudi real estate market, following the Cabinet’s approval last Tuesday of a regulation allowing non-Saudis to own property, opening the door wide for foreign capital to enter in force one of the most dynamic sectors of the Saudi economy. This step comes within the framework of the Kingdom’s Vision 2030, while at the same time raising legitimate questions … Read more

Reading time: 2 MinutesThe real estate sector is anticipating significant developments in strengthening the foreign investment environment in the Kingdom following the historic decision issued by the Council of Ministers yesterday, Tuesday, July 8, 2025, approving the updated regulations governing real estate ownership by non-Saudis, which aligns with the provisions of the Special Residency Law and regulates real estate ownership by citizens of Gulf Cooperation Council (GCC) countries in member states for residential and investment purposes, as well as other regulations… Read more

Reading time: 2 MinutesThe Ministry of Municipalities and Housing has unveiled details of the system governing real estate ownership by non-Saudis in the Kingdom, confirming that this system is an extension of real estate legislation aimed at developing the real estate sector and enhancing its appeal to foreign direct investment. According to the Ministry of Municipalities and Housing, the system is expected to contribute to increasing the real estate supply by attracting investors and real estate development companies, thereby supporting efforts to diversify the national economy … Read more

Reading time: < 1 MinuteHis Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister—may God protect him—chaired the Cabinet meeting held today in Jeddah. At the beginning of the session, His Royal Highness the Crown Prince briefed the Council of Ministers on the substance of his official talks with Indonesian President Prabowo Subianto, and on the content of the telephone call he received—may God protect him—from His Excellency … Read more

Reading time: < 1 MinuteThe Saudi Council of Engineers announced its accession to the International Engineering Alliance through the International Professional Engineers Agreement (IPEA), in a strategic move aimed at strengthening the Kingdom’s presence in global professional organizations and raising the level of international recognition of Saudi expertise in the engineering sector. The International Engineering Alliance is one of the leading global professional bodies, with a membership comprising a number of associations and organizations from various continents, and it works … Read more