Month: June 2026

Reading time: < 1 MinuteInvestment Minister Fahd bin Abduljalil Al-Saif affirmed that the Cabinet’s approval of the geographic zones and implementing regulations for the updated system governing real estate ownership by non-Saudis represents a step that supports the development of the investment environment in the Kingdom, and strengthens the ability of foreign companies to establish their businesses and expand in the Saudi market within a clear and stable regulatory framework. Al-Saif explained that the adoption of the implementing regulations and the geographical areas … Read more

Reading time: < 1 MinuteThe Saudi Real Estate Platform announced that it has begun accepting applications from non-Saudis to purchase real estate both inside and outside the Kingdom, in addition to managing the operational aspects of real estate ownership by non-Saudis in the Kingdom. The platform explained, via its account on the “X” platform, that it provides a unified portal that aggregates real estate opportunities available to non-Saudis in various cities across the Kingdom, while verifying compliance with regulations and requirements … Read more

Reading time: < 1 MinuteThe Ministry of Municipalities and Housing launched the updated mechanism for the contractor classification system, in a regulatory move aimed at developing the construction sector, improve project implementation efficiency, and promote the principles of transparency, integrity, and impartiality—thereby contributing to the enhancement of the quality of national projects and supporting the goals of improving the urban landscape and raising the quality of life in the Kingdom’s cities. The Ministry explained that the updated mechanism is based on a comprehensive evaluation model that includes … Read more