The Saudi Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved a new law regulating property ownership by non-Saudis during its weekly session on July 8. The landmark legislation is set to take effect in January 2026, marking a significant step in the country’s efforts to attract foreign investment and diversify its economy.

Read-Saudi Arabia opens doors to foreign investors in real estate

The meeting began with the Crown Prince briefing cabinet members on his recent diplomatic engagements, including discussions with Indonesian President Prabowo Subianto and a phone call with German Chancellor Friedrich Merz. The cabinet praised the outcomes of the inaugural Saudi-Indonesian Supreme Coordination Council meeting, emphasizing strong bilateral relations and several signed agreements between private-sector players in both nations, a Saudi Gazette report said.

The agreements span key sectors such as clean energy, petrochemicals, and aviation fuel services, aligning with the shared ambition to build an advanced economic partnership.

New law aims to boost investment, ensure market balance

Acting Minister of Media Dr Essam bin Saeed confirmed the Cabinet’s decision in a statement to the Saudi Press Agency (SPA), highlighting that the new property law is part of a broader strategy to stimulate economic growth while maintaining social and market balance.

Saudi Minister of Municipal and Rural Affairs and Housing, Majed Al Hogail, also Chairman of the Board of Directors of the Real Estate General Authority, praised the leadership for approving the updated legislation. He noted that it is an extension of ongoing reforms aimed at developing the real estate sector and attracting foreign direct investment.

“This law will help increase real estate supply by bringing in international investors and developers,” Al Hogail said. “At the same time, it ensures market stability through controlled procedures and geographic restrictions.”

The law outlines that property ownership for non-Saudis will be allowed in specific geographic areas, including Riyadh and Jeddah, while ownership in Makkah and Madinah will be subject to special conditions. These measures are designed to balance openness to investment with national and cultural considerations.

Executive regulations, public consultation expected soon

Under the law, the Real Estate General Authority is tasked with proposing the zones where non-Saudis may own property or acquire property rights. The executive regulations will be published on the Istitaa public consultation platform within 180 days of the law’s publication in the official Umm Al Qura Gazette. The public will be invited to offer feedback and suggestions.

These regulations will define the procedures for acquiring property, compliance mechanisms, and enforcement protocols. They will also detail how the law aligns with other statutes, including the Premium Residency Law and GCC agreements that govern real estate ownership for citizens of Gulf Cooperation Council states.

The law explicitly integrates with existing frameworks that grant foreigners privileges to own property in Saudi Arabia, ensuring harmony across legal and regulatory platforms.

Saudi highlights commitment to economic cooperation

During the session, the cabinet reviewed Saudi Arabia’s ongoing contributions to global economic growth, reaffirming its commitment to multilateral cooperation and market stability. This includes continued coordination with OPEC+ oil producers to support petroleum market balance.

The cabinet also welcomed Riyadh’s selection as the host city for the 21st General Conference of the United Nations Industrial Development Organization (UNIDO), scheduled for November. The event will bring together global stakeholders to address challenges in sustainable manufacturing, technological innovation, and industrial transformation.

Digital safety, cybersecurity, and technology achievements recognised

In other developments, the cabinet applauded the UN Human Rights Council’s unanimous adoption of a Saudi-led resolution on protecting children in the digital space. The initiative stems from the “Child Online Safety” campaign spearheaded by Crown Prince Mohammed bin Salman and reflects Saudi Arabia’s growing leadership in cyber safety.

The cabinet also celebrated the country’s continued recognition in global cybersecurity, citing its top ranking in the 2025 World Competitiveness Yearbook. These achievements underscore Saudi Arabia’s rapid digital transformation and efforts to localise technology, expand international partnerships, and strengthen digital infrastructure.

Dr Essam noted that the country’s first-place ranking in the 2025 International Telecommunication Union (ITU) ICT Development Index further reflects a thriving digital economy now valued at SAR495bn. The index ranks countries based on digital inclusion, infrastructure, and innovation.

Additional cabinet decisions: Transport, health, and social development

The cabinet approved several other key measures during the session, including:

• The updated National Transport and Logistics Strategy, supporting infrastructure expansion and trade facilitation.
• Approval of the organisational structure for the General Authority for Irrigation.
• Adoption of World Drowning Prevention Day, to be observed annually on July 25, as part of global public health awareness efforts.

To support financially vulnerable citizens, the cabinet approved a directive for the Social Development Bank to launch a guarantee program. The initiative will enhance access to credit and financing for underserved groups, enabling economic participation and social mobility.

Crackdown on narcotics trafficking

Cabinet members also praised the recent progress in combating drug trafficking, citing successful operations targeting organised crime networks involved in narcotics distribution. These efforts are part of broader campaigns to enhance public health and safety across the country.

Not too long ago, health was something you checked in on only when something went wrong. You went to the doctor, visited the pharmacy, and picked up the prescription. Job done.

Today, that definition feels outdated.

What we’re seeing, across the Middle East and globally, is a shift from reactive health to proactive wellbeing.

The modern consumer is no longer waiting to fall ill to start paying attention to their body or lifestyle. Health is being redefined through a more holistic lens – one that includes mental clarity, emotional resilience, better sleep, digestive health, nutrition, movement, and yes, skincare routines built around ingredients most people hadn’t heard of five years ago.

This isn’t just a change in consumer behaviour. It’s a full-scale cultural evolution. And one that’s shifting how we think about the role of health and beauty in everyday life.

A generation that knows more – and expects more

Much of this change has been driven by younger generations, according to a recent McKinsey report, primarily millennials who are leading the way in wellness-focused spending.

Gen Z, meanwhile, has shown a noticeable shift over the past five years — especially in the MENA region—toward beauty and skincare. Under-30s now make up 55 per cent of the region’s population — a generation that’s connected, curious, and values authenticity.

In the past, skincare marketing focused heavily on anti-ageing, mostly targeting older demographics. Now, we’re seeing Gen Z and millennial audiences stepping into wellness stores, scanning ingredient labels, and asking about retinol, niacinamide or probiotics. Not because of hype, but because they’ve done their research.

The difference today is access to information. Health-related content, from expert videos, AI tools, to Reddit threads, is everywhere. People are becoming more aware, more curious, and more intentional. This means retailers and brands alike can no longer lead with vague promises. They need to lead with facts.

Beyond the buzzwords

This shift in awareness also calls for greater responsibility. We’ve seen a rise in the use of labels like “natural”, “clean”, or “organic” across products. But what do these really mean? In many cases, there’s still no global standard or universal regulation that holds those words accountable.

As an industry, we have a duty to help consumers cut through the noise. Education, whether through trained staff, verified certifications, or clearer brand communication – should be at the core of any modern wellness strategy. The more people understand what they’re buying, the more confident and empowered they feel in taking care of their wellbeing.

Health is becoming more personal – and more digital

Wellness has also gone digital. Consumers don’t just expect products to be effective. They expect them to be accessible.

Whether it’s a pharmacy experience on WhatsApp, advice via telehealth, or same-day delivery of nutrition supplements, convenience now sits at the heart of health. In fact, the GCC’s telehealth market is forecasted to exceed $2.5bn by 2033, with growing emphasis on wellness and preventive healthcare and integration of telehealth platforms among the leading contributors.

Technology will continue to play a huge role in the future of the industry. AI, in particular, will have wide-ranging applications. From helping brands predict wellness trends to enabling more personalised consumer journeys. Within the GCC, AI is expected to shape the healthcare landscape, transforming the future of patient care But for any of it to matter, it must make health more human – not less.

What’s next

As the definition of wellness continues to expand, I believe the Middle East region is uniquely placed to lead. The Middle East and North Africa (MENA) beauty and personal care market alone is projected to reach $60bn by 2025. We have a digitally engaged, culturally diverse population with high expectations and strong spending power. The opportunity lies in listening closely to what consumers want, and to what they’re still unsure about.

At GMG, our focus is on designing health and beauty experiences that meet people where they are – in their lifestyles, their cultural needs, and their values. We see wellness not as a trend, but as a long-term movement grounded in knowledge, trust, and progress.

Because while trends may come and go, the desire to feel better, more energised, more balanced, more informed, is here to stay.

The writer is the president of Health & Beauty, GMG.

The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has denied the accuracy of recent rumors circulated by some local and international media outlets and websites, claiming that the United Arab Emirates (UAE) is granting lifetime Golden Visas to certain nationalities.

Read-UAE Golden Visa now more accessible to Indian applicants

ICP clarified that the categories, conditions, and regulations governing the Golden Visa are clearly defined in accordance with official laws, legislation, and ministerial decisions. Official information is available on the Authority’s website and smart application, a WAM report said.

The authority emphasised that all Golden Visa applications are handled exclusively through official government channels within the UAE.

No internal or external consultancy is recognized as an authorized party in the application process.

Warning against false claims and unofficial channels

The Authority noted recent misleading claims by a consultancy office based abroad, which suggested that lifetime Golden Visas could be obtained for all categories from outside the UAE through consulting or commercial entities under simplified conditions. These claims, ICP stated, have no legal basis and were made without coordination with the UAE’s relevant authorities.

ICP reaffirmed its commitment to providing a secure and transparent process for applicants, continuously enhancing its services via official digital platforms only.

Legal action will be taken against any entity disseminating false information or attempting to illegally collect money from individuals seeking residency in the UAE, thereby exploiting their hopes for a dignified and secure life.

The Authority urged individuals wishing to visit, live, or invest in the UAE not to respond to inaccurate rumors or false news spread for quick profit. People are advised not to pay any fees or submit personal documents to parties falsely claiming to offer such services.

ICP strongly advised the public to verify the accuracy of procedures only through official sources—either by visiting the Authority’s website or contacting the call center at 600522222, available 24/7—before taking any action.

Parsons Corporation has been appointed as the Project Management Consultant for the Dubai Metro Blue Line by Dubai’s Roads and Transport Authority (RTA). The five-year contract marks new work for the firm and reinforces its long-standing collaboration with the RTA.

As part of the contract, Parsons will oversee key aspects of the project, including design review, procurement support, construction supervision, testing and commissioning, and final handover. The Blue Line is a strategic component of Dubai’s D33 Economic Agenda, which seeks to position the emirate among the world’s most advanced and connected cities by 2033. The line is expected to be operational by 2029.

‘‘We are proud of our long-standing partnership with the RTA and are committed to working with their expert team on expanding the Dubai Metro network in line with the RTA’s goal to provide seamless, safe, and sustainable mobility solutions that cater to the needs of Dubai’s growing population,’’ said Pierre Santoni, President, Infrastructure EMEA at Parsons. ‘‘Our team will leverage our 80-plus years of global experience coupled with our local knowledge to deliver a world-class transportation system using the safest methods and most innovative technology available.’’

Read: Dubai Metro Blue Line: Inside the world’s tallest metro station

Malek Ramadan Mishmish, Director of Rail Planning and Project Development at RTA, said: “We are pleased to appoint Parsons as the project management consultant for the Dubai Metro Blue Line, particularly given the company’s extensive and proven experience in delivering projects awarded by the RTA since its establishment in Dubai. Parsons is a key partner in the RTA’s success and achievements, which it continues to deliver.”

He added: “The RTA is committed to working with leading global companies to implement its various projects and initiatives in line with the vision and ambitions of the Government of Dubai to make the Emirate the smartest and happiest city in the world. The RTA also strives to play an active role in achieving this vision, which is based on excellence, innovation, and future foresight, while leveraging advanced technologies in the field of smart and sustainable transportation.”

Blue Line facts

The 30-kilometer Blue Line will feature 14 stations and link major districts such as Mirdif, Dubai Silicon Oasis, Dubai Creek Harbour, and Dubai Festival City. Once completed, the line is expected to handle up to 320,000 passengers daily, supporting the Dubai 2040 Urban Master Plan.

Parsons has been a key partner in shaping Dubai’s transport infrastructure since the inception of the RTA in 2005. Its portfolio includes work on the Dubai Metro Red and Green Lines, Route 2020 expansion, the Dubai Intelligent Traffic Systems Center, the Infinity Bridge, and over 100 other infrastructure projects across the Emirate.

With more than six decades of experience in the region, Parsons remains a trusted leader in project and program management, smart mobility, rail, aviation, and urban development, working with more than 400 rail and transit clients worldwide.

Al Ansari Financial Services has confirmed that its wholly owned subsidiary, Al Ansar Exchange (AAE), experienced a minor technical issue on Saturday, 5 July, resulting in the unintentional transfer of funds to a limited number of customer accounts.

In a disclosure on the Dubai Financial Market (DFM) website, the company stated that its teams responded immediately to the incident, working closely with relevant financial institutions. “The vast majority of the amounts were successfully recovered,” the statement noted.

Al Ansari emphasised that the incident did not disrupt its regular operations. “Regular daily transactions and our operations have not been impacted by this incident, and AAE continues to operate as usual,” the company said.

The company further assured stakeholders of its ongoing commitment to operational excellence. “Additional preventative measures are being implemented to further strengthen our systems and prevent such occurrences in the future.”

The company concluded by extending its apologies to those affected, and expressed gratitude for the cooperation and understanding of all parties involved.