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

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 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 in Jeddah, according to the state-run SPA.

Further, the Cabinet commended the Human Resources Development Fund's (HRDF) efforts to employ 267,000 Saudi men and women in private sector establishments during H1 2025. This underscored the fund's strategic role in empowering national talents, enhancing competitiveness, and supporting labor market growth in the Kingdom.