Pakistan, July 9 -- In a historic move, Saudi Arabia has announced that foreigners will be allowed to purchase real estate in specific areas of the country for the first time. This new policy, set to come into effect in January 2026, marks a significant shift in the Kingdom's long-standing restrictions on foreign ownership.

Previously, non-Saudi individuals were not permitted to own property or invest directly in Saudi real estate. However, under the new law, foreign nationals will be allowed to buy property in designated zones within major cities like Riyadh and Jeddah. The law is part of broader efforts to boost foreign investment and expand the Kingdom's real estate sector.

According to Gulf News, the new legislation was approved by ...