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S.Arabia: Cabinet approves change in real estate law

Posted on 31 May 2011

The Council of Ministers on Monday approved the addition of a new article to the law regulating real estate ownership of foreigners and their investment in the sector. According to the article, the law’s executive bylaw should be approved by the Cabinet.
The Cabinet meeting, which was presided over by Custodian of the Two Holy Mosques King Abdullah, highlighted the tremendous progress achieved by Saudi Arabia during the king’s six-year rule……………………………………….Full Article: Source

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