Saudi Arabia updates UN on progress of its 2030 sustainable development goals

Faisal Al-Ibrahim speaking at the UN’s High-Level Political Forum in New York (Ministry of Economy and Planning)
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Updated 30 July 2023
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Saudi Arabia updates UN on progress of its 2030 sustainable development goals

RIYADH: Saudi Arabia has achieved progress in more than 50 percent of its sustainable development goals, the Kingdom’s minister of economy and planning told the UN at a crucial summit reviewing the world’s environmental pledges.

Speaking at the organization’s High-Level Political Forum in New York, Faisal Al-Ibrahim also presented the Kingdom’s second Voluntary National Review which highlights the progress achieved in SDGs.

According to a press statement released by the Ministry of Economy and Planning on Monday, the minister told the UN that through its SDG initiatives, the Kingdom is elevating the living standards of the country’s population and is “unleashing a spectacular wave of innovation.” 

He said: “The Sustainable Development Goals embody our collective commitment to progress. They serve as both a practical and moral guide to development, safeguarding our planet and leaving no one behind.” 

Al-Ibrahim added: “The Vision set out by Crown Prince Mohammed bin Salman embraces the principles outlined in the SDGs. Through it, we are diversifying our economy, developing clean technologies, and fortifying environmental protection.” 

Saudi Arabia is on a path of economic diversification but is also placing a focus on sustainability programs, including the Saudi Green Initiative, as it aims to hit its net-zero emissions target in 2060. 

To ensure the materialization of these SDGs,  Saudi Arabia’s Public Investment Fund is investing in projects promoting economic growth and sustainable development.

The Kingdom’s Quality of Life Program focuses on improving citizens’ well-being, while institutions such as the King Abdulaziz City for Science and Technology, the Saudi Data & Artificial Intelligence Authority, and multiple incubators and accelerators foster technological development and innovation.

“Thanks to the SDGs, we have a clear framework for action and we have the right moral guidance and compass to guide us. As nations, we must continue to inspire and push each other to achieve more, faster. The Kingdom of Saudi Arabia has proved its resilience and determination,” added Al-Ibrahim. 

During his speech at the HLPF, Al-Ibrahim also urged world nations to embrace bold thinking and collaboration to achieve the 2030 UN SDGs that aims to end world poverty and inequality, and promote good health and quality education for all. 

The minister added that Saudi Arabia, with its various initiatives, has embarked on a “momentous journey of transformation, with the SDGs deeply embedded into (the Kingdom’s) framework.”


Saudi Arabia opens real estate market to foreign buyers

Updated 22 January 2026
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Saudi Arabia opens real estate market to foreign buyers

RIYADH: Saudi Arabia’s Real Estate General Authority has announced that the regulatory system governing property ownership by foreigners officially came into effect on Jan. 22, with all provisions now enforceable under the national real estate framework.

The authority said applications for property ownership by non-Saudis can be submitted through the official digital platform, Saudi Arabia Real Estate. The system applies to residents and non-residents, as well as foreign companies and entities, in accordance with established legal procedures.

According to the authority, the application process varies by ownership category. Foreign residents in Saudi Arabia may apply directly through the portal using their residence permit, with legal requirements verified automatically and the process completed electronically.

Non-residents are required to initiate their applications through Saudi embassies and consulates abroad to obtain a digital identification number, which enables them to finalize the process via the platform.

Foreign companies and entities without a presence in the Kingdom must first register with the Ministry of Investment through the “Invest Saudi” platform and obtain a unified registration number (700) before completing ownership procedures electronically.

The authority confirmed that the system allows foreign individuals, companies, and entities to own property across Saudi Arabia, with ownership permitted in major cities including Riyadh and Jeddah.

However, property ownership in Makkah and Madinah remains restricted to Saudi companies and Muslim individuals, in line with a regulatory framework based on the Geographic Zones document, which is scheduled to be announced in the first quarter of 2026.

The authority noted that the Saudi Arabia Real Estate portal serves as the official digital gateway for all ownership procedures, ensuring regulatory compliance and direct integration with the national real estate registry to enhance transparency and protect property rights.

It added that the new system is expected to improve the quality of real estate projects by attracting international developers and specialized firms, stimulating growth in the residential, commercial, industrial, and tourism sectors, and creating employment opportunities for Saudi citizens.

The initiative is also expected to strengthen the real estate sector’s sustainable contribution to the Kingdom’s non-oil gross domestic product.