Saudi Cabinet OKs Law of Expropriation of Real Estate for Public Benefit

03:44 PM (Mecca time) Argaam
Custodian of the Two Holy Mosques King Salman bin Abdulaziz

Custodian of the Two Holy Mosques King Salman bin Abdulaziz

The Cabinet, chaired by King Salman bin Abdulaziz, approved today, Aug. 26, the Law of Expropriation of Real Estate for Public Benefit and Temporary Taking of Property.

 

Minister of Finance Mohammed Al-Jadaan, said the updated Expropriation Law aims to enhance the governance of property expropriation procedures, or temporary seizure of properties. Thus, the law will contribute to ensuring fair compensation, safeguarding public funds, and supporting sustainable development.

 

The Cabinet also approved the updated strategy for developing the Aseer region during its meeting held today, Aug. 26, in Jeddah, according to the Saudi Press Agency (SPA).

 

The Human Resources Development Fund (HRDF) helped employ 267,000 Saudi men and women in private sector establishments during H1 2025, the Cabinet said, underscoring its strategic role in empowering national talents, enhancing competitiveness, and supporting labor market growth in the Kingdom.

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