The Council of Ministers,

Pursuant to the perusal of the official document received from the Royal Court under No. (1180) dated 05/01/1447 H., concerning the draft Law on Real Estate Ownership by Non-Saudis;

The draft version of the aforementioned Law;

Saudi Arabia Royal Decree No. M44/1337 dated 29/11/1337 H.;

The Law on Real Estate Ownership and Investment by Non-Saudis, issued by Saudi Arabia Royal Decree No. M15/1421 dated 17/04/1421 H.;

The Regulation governing Real Estate Ownership by Citizens of the Gulf Cooperation Council Member States for Residential and Investment Purposes, issued by Saudi Arabia Royal Decree No. M22/1432 dated 03/04/1432 H.;

Memoranda Nos. (3290) dated 12/09/1445 H., (4230) dated 07/12/1445 H., (150) dated 09/01/1446 H., (3404) dated 17/10/1446 H., (4135) dated 23/12/1446 H., (4152) dated 26/12/1446 H., and (47) dated 08/01/1447 H., prepared by the Bureau of Experts at the Council of Ministers;

The minutes of the Political and Security Affairs Council No. (MST/91-46/9) dated 29/09/1446 H.;