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
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