Saudi Arabia has announced new regulations allowing foreigners to purchase residential property in the kingdom as part of broader economic reforms.
The policy change is aimed at attracting foreign investment and supporting Saudi Arabia’s efforts to diversify its economy under its Vision 2030 development plan. Officials say the new rules will allow non-Saudi residents and international investors to buy homes in designated areas, although certain locations may remain restricted.
The move is expected to stimulate the country’s real estate market and encourage long-term residency by foreign professionals and investors. Saudi authorities say the reforms are part of wider efforts to modernize the economy and make the kingdom a more attractive destination for global business and tourism.
