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It’s big and important news for Saudi Arabia 🇸🇦 you may have seen that as a foreigner you will soon be able to buy all type of real estate in the country, this new law includes Makkah and Medina. Primarily this is addressing personal real estate ownership mechanisms and abilities.
The opportunity of buying a property is just the headline, the impact this going to have on the wider economics is huge.
On a direct level there is now an additional opportunity within the real estate Investment (retail / sophisticated level) and high quality real estate management ecosystems.
On an indirect level this is going to result in more expat talent relocating, regional longevity for companies, sustained tourism and the list goes on.
If you are operating in the real estate space and thinking about Saudi Arabia as a market then you need to start making moves and deals now - ready for when these initiatives go live.
https://lnkd.in/dBZsP-Ua
#saudiarabia #realestate #opportunity
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