The Real estate in Saudi Arabia is undergoing significant transformation, driven by the government's Vision 2030 initiative aimed at diversifying the economy beyond oil dependence. Major projects like NEOM, the Red Sea Project, and the Diriyah Gate are attracting attention. Recently, luxury homes in developments such as Diriyah have been marketed internationally, indicating a push to attract foreign investment. However, the market is still developing, and foreign ownership regulations can be complex. It's crucial to understand the legal framework, investment incentives, and potential risks. Consulting with local experts and legal advisors is recommended to navigate this emerging market effectively.
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