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In a landmark decision aligned with Vision 2030, Saudi Arabia’s Cabinet has approved a new real estate law allowing foreigners to own property in designated zones starting January 2026.
The initiative, led by Crown Prince Mohammed bin Salman, aims to boost foreign direct investment and diversify the economy.
Non-Saudis will be permitted to purchase real estate in urban centers like Riyadh and Jeddah, while Makkah and Madinah remain restricted.
The Real Estate General Authority will finalize zone definitions and release regulatory details within 180 days.
,SaudiVision2030 ,SaudiRealEstate ,ForeignOwnership ,FDI ,MBS ,REGA ,RiyadhProperty
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