Following our earlier note on 8 July, Saudi Arabia has now published the Law on Real Estate Ownership by Non-Saudis (the New Law). It will come into force in January 2026 and will repeal the earlier Law on Real Estate...more
Saudi Arabia is ambitiously working towards its 2030 goals, striving to be investor-friendly while upholding transparency, accountability, and creating more opportunities for its local population. This vision has brought...more
7/22/2025
/ Corporate Governance ,
Corporate Taxes ,
Hotel Management Agreements ,
Hotels ,
Investors ,
Licensing Rules ,
MInistry of Commerce ,
Regulatory Reform ,
Saudi Arabia ,
Taxation ,
Tourism
In May 2025, Saudi Arabia issued a new White Land Tax Law under Royal Decree No. M/244, replacing the earlier 2016 regime. On 10 July 2025, the Ministry of Municipalities and Housing (MoMaH) published the implementing...more
On 8 July 2025, the Saudi Cabinet approved a new real estate law (the “New Law”) that will significantly expand the ability of foreign individuals and entities to own property in the Kingdom....more