Riyadh, Saudi Arabia — Crown Prince Mohammed bin Salman in Jeddah held a Council of Ministers session, during which the Saudi government approved a new foreign real estate ownership law. This law permits non-Saudis to buy real estate in the Kingdom, marking a major policy shift under Vision 2030.
Prince Mohammed also briefed ministers on official talks with Indonesian President Prabowo Subianto and a phone call from German Chancellor Friedrich Merz. The Cabinet highlighted outcomes from the inaugural Saudi–Indonesian High-Level Coordinating Council, including recent private-sector agreements on clean energy, petrochemicals, and aviation fuel services, signaling deeper economic ties.
Boosting Investment Through the Saudi Property Law Reform
The Saudi property law reform allowing foreign investment in real estate reflects the Kingdom’s aim to deepen its investment ecosystem. It aligns with broader economic reforms and follows similar momentum in the housing and capital markets.
Cabinet announcements included further developments:
- Saudi Arabia will host the 21st UNIDO General Conference in Riyadh in November 2025, focusing on sustainable manufacturing and technology transformation.
- Praise for the UN Human Rights Council’s adoption of a Saudi resolution to protect children in cyberspace.
- Due to its continued cyber leadership, Saudi Arabia ranked first in the 2025 IMD World Competitiveness Yearbook.
- Top spot in the ITU’s ICT Development Index, reflecting a SAR 495 billion digital economy.
- Progress in counter-narcotics efforts and dismantling drug networks.
- Approval of the Arab Common Electricity Market at the 15th Arab Electricity Council.
- Endorsement of the updated National Transport and Logistics Strategy, including an MoU with Italy on advanced transport technologies.
Vision 2030 Goals and Foreign Ownership of Saudi Real Estate
Allowing real estate for expats in Saudi Arabia enhances market access, diversification, and urban development. This aligns with Vision 2030 goals to open investment channels, stimulate private-sector growth, and enrich the Kingdom’s property market.
The Saudi Standard’s View: Foreign Ownership Signals Global Integration and Economic Diversification
The approval of the Saudi foreign real estate ownership law shows strategic progression by the Kingdom’s leadership. Saudi Arabia is opening new investment pathways by enabling non-Saudis to own property. This move complements ongoing initiatives to enhance its business environment and improve foreign direct investment laws.
Furthermore, the law reinforces Saudi Arabia’s commitment to global partnership, which is mirrored in the deepening ties with Indonesia, Germany, and Italy. Hosting the UNIDO conference and securing top digital and cybersecurity rankings underscore Saudi Arabia’s growing global influence.
Most importantly, permitting foreign ownership exemplifies Vision 2030 principles—balancing economic diversification with innovation, development, and global connectivity. It signals that Saudi Arabia is not only welcoming foreign funds, but it also aims to integrate them into sustainable, inclusive growth.
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