Saudi ArabiaMoney & Business

Non-Saudis can invest in real estate funds at Makkah and Madinah

Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in the real estate funds that invest in assets within the boundaries of Makkah and Madinah.

The ownership system for non-Saudis in the Kingdom stipulates that non-Saudis are allowed to own real estate for their own residence, after obtaining a license from the Ministry of Interior, and for foreign representations to own their official headquarters on the condition of obtaining a license from the Minister of Foreign Affairs.

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Arab News
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