Saudi Arabia’s Cabinet has approved unified rules for owners of jointly owned properties across the Gulf Cooperation Council, in a move aimed at strengthening real estate regulation and improving governance across the region.
The decision was taken during a Cabinet meeting in Jeddah chaired by King Salman bin Abdulaziz.
Majid Al-Hogail, Saudi Arabia’s Minister of Municipalities and Housing, welcomed the approval, saying the rules would support greater alignment between real estate regulations across GCC countries.
He said the framework would improve the management of common areas, protect property owners’ rights and increase efficiency in managing shared assets. The regulations are also expected to support a more sustainable and attractive environment for real estate investment.
The Cabinet also approved changes to the authority responsible for issuing permits for the import, export and re-export of chemical substances circulating in local markets. Responsibility for issuing permits and authorising the release of chemicals under the Chemicals Management System will be transferred from the Ministry of Commerce to the Ministry of Interior, the Supreme Authority for Industrial Security, the Ministry of Industry and Mineral Resources and the Saudi Food and Drug Authority.
Another decision approved a mechanism to coordinate the roles of the Nuclear and Radiological Regulatory Commission and the National Cancer Center at the Saudi Health Council. The move is intended to meet national requirements for nuclear and radiological oversight.
During the meeting, the Cabinet reviewed several economic indicators and reports. It noted that Saudi Arabia’s annual inflation rate remained at 1.8 per cent, which officials said reflected the impact of economic reforms and fiscal policies supporting growth and macroeconomic stability.
The Cabinet also highlighted the Kingdom’s position as the world’s 13th-largest recipient of foreign direct investment in 2025, according to the UN Conference on Trade and Development.
Net foreign direct investment inflows rose 53 per cent to $32.6 billion, supported by investment in sectors including energy, infrastructure, technology, advanced manufacturing and logistics.
The Cabinet welcomed Saudi Arabia’s participation in the 2026 High-Level Political Forum at the United Nations and noted progress reported in the country’s third Voluntary National Review. Areas highlighted included water security, renewable energy, healthcare, digital government, industrial development and economic growth.
On international cooperation, the Cabinet authorised the Minister of Commerce to negotiate a memorandum of understanding with China’s State Administration for Market Regulation on addressing technical barriers to trade.
It also approved an agreement between Saudi financial investigation authorities and Ethiopia’s Financial Intelligence Service to exchange information on money laundering, related crimes and terrorism financing.
A separate memorandum between the Saudi Space Agency and the United Nations on cooperation in the peaceful uses of outer space was also approved.
Facebook
Twitter
Instagram
LinkedIn
RSS