Close Menu
economyarab.comeconomyarab.com
    What's Hot

    AI cloud startup Runpod hits $120M in ARR — and it started with a Reddit post  

    January 16, 2026

    Snowflake, Databricks challenger Clickhouse hits $15B valuation

    January 16, 2026

    The AI healthcare gold rush is here

    January 16, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    economyarab.comeconomyarab.com
    Subscribe
    • Home
    • Economy
    • Market
    • Finance
    • Startups
    • Interviews
    • Magazine
    • Arab 100
    economyarab.comeconomyarab.com
    Home » Saudi Arabia approves digital ID use for non-resident foreigners to own property
    Arab 100

    Saudi Arabia approves digital ID use for non-resident foreigners to own property

    Arabian Media staffBy Arabian Media staffAugust 18, 2025No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Saudi Arabia’s Cabinet has approved the use of a digital identity system to allow non-Saudi, non-resident foreigners to own property in the Kingdom, the government said, as part of new rules opening up the real estate market.

    The decision enables digital IDs to be used ahead of the implementation of the Non-Saudi Real Estate Ownership Law, which was approved in July and will take effect in January 2026, according to a Cabinet resolution published on Friday.

    Mechanisms under development

    The General Real Estate Authority will coordinate with the Ministry of Interior, the Saudi Data and Artificial Intelligence Authority (SDAIA), the National Information Center and other relevant bodies to develop mechanisms for activating the digital ID.

    The Cabinet resolution said the identity must be operational before the property ownership law comes into force.

    The approval also endorsed a decision by the Strategic Committee of the Council of Economic and Development Affairs on governance for non-Saudi ownership and usufruct rights. A dedicated committee will be formed within the General Real Estate Authority’s board of directors to oversee those matters.

    The Cabinet amended the structure of the authority’s board, which will now be headed by the Minister and include the CEO, representatives from 10 ministries and government entities, and three private-sector members appointed by the Council of Ministers for renewable three-year terms.

    The ministries represented include Interior, Municipalities and Housing, Finance, Justice, Economy and Planning, Investment, Environment, Industry and Mineral Resources, as well as the General Authority for State Properties and the General Authority for Survey and Geospatial Information.

    Steps required for non-residents

    In July, the General Real Estate Authority released a draft of the law’s executive regulations. Under the draft, non-resident foreigners seeking to own or use property in the Kingdom would need to obtain and activate a digital ID through the Absher platform, open a Saudi bank account, and secure a local contact number.

    The authority has said these measures are designed to ensure transparency and compliance in the property registration process as Saudi Arabia seeks to attract more foreign investment into its real estate sector.

    The Cabinet’s approval on Friday follows Resolution No. 16 of the Council of Ministers, which reviewed recommendations from the Council of Economic and Development Affairs and several memoranda from the Board of Experts.

    The Non-Saudi Real Estate Ownership Law is part of the Kingdom’s broader economic reform programme under Vision 2030, which aims to diversify income sources, attract foreign investment, and develop sectors such as tourism and real estate.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleNew research shows over 86% of Middle East professionals work extra hours
    Next Article Huawei and Eros Group launch IdeaHub S3, redefining enterprise collaboration
    Arabian Media staff
    • Website

    Related Posts

    ADNOC signs 15-year LNG supply deal with IndianOil worth 1 million tonnes annually

    August 27, 2025

    Abu Dhabi’s Lunate expands into hedge fund with Brevan Howard partnership

    August 27, 2025

    EXCLUSIVE: Will Fortnite kill football? Ex-Liverpool CEO talks gaming, sports and Saudi Arabia

    August 27, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    Economy Arab is your window into the pulse of the Arab world’s economy — where business meets culture, and ambition drives innovation.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    @2025 copyright by Arabian Media Group
    • Home
    • About Us

    Type above and press Enter to search. Press Esc to cancel.