Saudi Arabia: Non-Saudis Can Invest in Real Estate Funds in Mecca and Medina

Saudi Arabia: Non-Saudis Can Invest in Real Estate Funds in Mecca and Medina News developments

Saudi Arabia: Non-Saudis Can Invest in Real Estate Funds in Mecca and Medina

Arab News, 8 November 2021: Saudi Arabia’s Capital Market Authority has announced it will allow non-Saudis to invest in real estate funds in Mecca and Medina.

Financial market institutions can accept subscriptions of non-Saudis in these funds.

They invest in assets in these locations.

They can own real estate for their own residential purposes, once they have obtained a license from the Interior Ministry. Their foreign representatives will be able to own their official headquarters after obtaining a license from the Foreign Affairs Minister.

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Marlé Van Sandwyk