Saudi Arabia allows foreign investors to own real estate

The Kingdom of Saudi Arabia’s Ministry of Investment has announced that foreign investors are now permitted to own and sell real estate for investment purposes.

According to a report by an Arabic daily Okaz, the ministry has specified several conditions for foreign investors wishing to engage in these activities. Key conditions



include:

Location restrictions: The property must be situated outside the holy cities of Makkah and Madinah.

Investment purpose: The property must not be acquired for commercial speculation, which involves purchasing assets such as stocks, commodities, or real estate with the intention of profiting from price fluctuations. Speculators typically undertake high-risk investments to achieve quick gains.