Saudi Arabia has announced a significant amendment to its foreign ownership rules, opening new opportunities for international investors in the kingdom’s two largest cities, Riyadh and Jeddah. Under the new regulations, non-Saudi individuals and entities are now permitted to own real estate, provided they meet a minimum investment threshold of $8 million. The decision reflects the government’s broader strategy to diversify the economy, stimulate the real estate sector, and position Saudi cities as attractive global investment hubs. Analysts believe this move will enhance market liquidity, attract long-term foreign capital, and contribute to the growth of high-value developments, aligning with Vision 2030 goals.
