S
audi Arabia has introduced a new law allowing non-residents to own real estate in the Kingdom through a digital identity system. The law, set to take effect in January 2026, permits foreigners to purchase property in designated zones as part of efforts to attract foreign investment and promote urban development.

    To participate, non-Saudi investors must obtain a Saudi digital ID from Absher, the government portal operated by the Interior Ministry. The ministry will partner with other agencies, including the General Real Estate Authority (REGA), to operate the new system. REGA will create guidelines for the sector and ensure compliance from all parties.

    The digital ID access mechanism is expected to make real estate transactions smooth and fast, strengthen security for buyers, and enhance transparency in the sector. Foreigners must also open a local bank account and obtain a local contact number.

    Saudi Arabia's adoption of digital IDs aligns with its Vision 2030, which focuses on transitioning from oil reliance to a diversified economy. The country has already issued 28 million digital IDs through Absher, making it a crucial pillar of the government's strategy.

    Meanwhile, four technology companies have launched a joint venture called AfricAI to advance artificial intelligence across Africa. The venture aims to deploy enterprise-grade AI across the continent, which lags behind in the fast-moving technology sector. Africa holds less than 1% of global data center capacity despite being home to a fifth of the world's population.

    AfricAI will initially focus on Nigeria, developing AI solutions for healthcare, governance, and public services, digital identity, and other enterprise services. By 2026, it plans to expand to Kenya, South Africa, Rwanda, and Ghana, equipping at least 100 professionals with AI skills in the process.