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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