Saudi Arabia Approves Landmark Property Ownership Law for Foreigners
Saudi Arabia has taken a big step to get foreign investment by passing a new law that lets people who aren’t citizens own property in the Kingdom. During its weekly meeting in Jeddah, the Cabinet, which is led by Crown Prince and Prime Minister Mohammed bin Salman, approved the decision.
This big step helps Vision 2030, the Kingdom’s plan to make the economy more diverse and turn Saudi Arabia into a global hub for business, innovation, and sustainable development.
New Law to Open Doors for Global Investors
According to Acting Minister of Media Dr. Essam bin Saeed, the legislation aims to regulate and simplify property ownership by foreign individuals and companies. Although full details have yet to be disclosed, the law is expected to boost investment in real estate, tourism, and urban development.
Importantly, this legal shift signals Saudi Arabia’s commitment to creating a more open and investor-friendly economy.
Saudi-Indonesian Ties Strengthen Through Economic Cooperation
The Crown Prince also talked about recent diplomatic activities at the same Cabinet meeting. He talked about what happened after he talked with Indonesian President Prabowo Subianto and German Chancellor Friedrich Merz on the phone.
The first Saudi-Indonesian Supreme Coordination Council led to both countries signing a number of agreements with private companies. These include projects in clean energy, petrochemicals, and aviation fuel. This shows that they all want to see the economy grow in the future.
Saudi Arabia Reinforces Global Energy Stability
In addition, the Cabinet reaffirmed the Kingdom’s leadership in maintaining global energy balance. Through ongoing coordination with OPEC+ member states, Saudi Arabia continues to play a stabilizing role in international oil markets.
This approach further strengthens the Kingdom’s standing as a reliable energy partner on the world stage.
Digital Economy and Cybersecurity Progress Recognized
Furthermore, the ministers celebrated Saudi Arabia’s technological achievements. The country ranked first in the 2025 ICT Development Index released by the International Telecommunication Union.
With a digital economy now valued at SR495 billion, Saudi Arabia’s investments in infrastructure and innovation are clearly paying off.
UNIDO Conference and Child Safety Measures Commended
In the future, Saudi Arabia will host the 21st General Conference of the United Nations Industrial Development Organization (UNIDO) in Riyadh this November. The main topics of the event will be sustainable manufacturing and technological change.
The Cabinet also praised the UN Human Rights Council for passing a Saudi-sponsored resolution on protecting children online. This is part of the Crown Prince’s global “Child Online Safety” campaign.
A Future-Ready, Globally Engaged Saudi Arabia
Saudi Arabia is clearly changing its economic and diplomatic future by passing this important property law and working with more and more countries around the world. The Kingdom is getting ready to take the lead on the world stage by making changes to its laws, expanding its digital presence, and forming strategic partnerships. It is also welcoming new investors and opportunities from all over the world..
