World
Economic Transformation Accelerates: Saudi Arabia’s Cabinet Approves Bylaws Expanding Foreign Real Estate Ownership
The historic endorsement establishes clear geographic regulations and designated zones, opening the Kingdom's property market to global investors and corporations.
By 19Network Editorial Team · Jun 24, 2026 · 3 min read
In a decisive move to turbocharge its Vision 2030 economic diversification drive, the Saudi Arabian Council of Ministers has formally approved the executive regulations governing real estate ownership for non-Saudi individuals and international enterprises.
RIYADH — The Saudi Arabian Cabinet, chaired by the leadership of the Council of Ministers, has officially approved the comprehensive executive regulations and structural bylaws of the Law of Real Estate Ownership by Non-Saudis. This major legislative milestone represents an unprecedented opening of the Kingdom’s multi-billion-dollar property market, directly targeting an influx of international capital, global corporations, and resident expatriates looking to establish long-term roots in the country. The newly endorsed bylaws provide a highly structured, transparent legal framework that delineates the precise geographic zones and administrative conditions under which foreign individuals and legal entities are permitted to acquire outright property titles. By removing previous ownership restrictions, the government aims to significantly enhance the investment climate, boost the construction sector, and transform major metropolitan areas like Riyadh, Jeddah, and the Eastern Province into premium residential and commercial destinations. The structural rollout is a core component of the Kingdom’s overarching Vision 2030 strategy, which seeks to reduce reliance on oil revenues by…