Here is a concise and professional rephrased version of the news:
Saudi Arabia’s real estate sector is entering a new stage of development, driven by strengthened regulations, digital governance systems and the introduction of a framework that allows non-Saudis to own property, according to Abdullah Al-Hammad, CEO of the Real Estate General Authority (REGA).
In a post on X, Al-Hammad said the Saudi market is now well-positioned to attract high-quality global partnerships and investments, reinforcing the Kingdom’s status as a destination for long-term collaboration and sustainable, high-value growth.
He noted that investment momentum is widening across integrated urban developments, modern housing communities, tourism destinations, commercial hubs and logistics centres. He attributed this expansion to strong demand, rapid sectoral growth and a broad range of emerging opportunities.
Al-Hammad added that this direction aligns with the goals of the upcoming Future of Real Estate Forum, which aims to promote dialogue, highlight market prospects and advance new partnerships and initiatives to shape the sector’s next phase.
He also reaffirmed that REGA continues to regulate and enable the property market by fostering a competitive environment that improves efficiency, strengthens value creation and enhances both domestic and foreign investment in line with international standards.
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