4 Hrs
Source:
معلومات مباشر
Saudi Arabia to expand foreign real estate investment
Arad Saudi Arabia plans to target non-Saudi buyers in its future real estate projects within the Kingdom, benefiting from the new regulatory framework that came into effect in 2026. This framework allows non-Saudis to own properties within specified geographical zones, with special arrangements in the cities of Riyadh, Jeddah, Mecca, and Medina. The company intends to launch its first fully integrated residential project in the Al-Rimala neighborhood of Riyadh in 2027, covering an area of over two million square meters. The aim is to develop comprehensive residential communities rather than just selling land, relying on real estate funds in collaboration with financial companies. The company’s plans also include expanding to other cities and completing its projects before considering an initial public offering, as they believe that is premature at this stage.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)