What are the foreign ownerships laws for property?
Real estate ownership in the Kingdom for companies and individuals that are GCC nationals or other foreigners is covered by three key laws and regulations: The Regulations of Ownership of Real Estate by Nationals of the Gulf Co-operation Council States, which provide the conditions and restrictions for companies and individuals from GCC states to own real estate in the Kingdom; The Law of Non-Saudis Proprietorship and Investment of Real Estate, which establishes the conditions and restrictions on real estate ownership by non–Saudi individuals or companies; and Foreign Investment Law, which deals with foreign investment in the Kingdom and the rights and obligations of foreign investors. The investment laws combine to confer a number of benefits, incentives and guarantees on licensed foreign investment projects in order to promote a more level playing field with wholly Saudi/GCC entities. One of the key recipients of these benefits are foreign investment projects which can be (or need to
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