How can you invest in Saudi Arabia without living there?

You can invest in Saudi Arabia without living there in three main ways. First, through funds and ETFs that hold Saudi shares. Second, by buying shares on the Saudi Exchange (Tadawul) through a licensed broker. Third, since January 2026, by owning property in designated areas. In this guide, we explain each route and the risks to weigh.

Why Invest in Saudi Arabia?

Investors are drawn to Saudi Arabia for several reasons. However, each one comes with risks, so it pays to look at both sides:

• Vision 2030: a national plan to diversify the economy away from oil. It targets sectors such as tourism, entertainment, technology and healthcare.
• Economic diversification: the government is investing heavily in non-oil industries, including renewable energy and manufacturing.
• Young population: a large, young workforce can support consumer spending and growth over time.
• Strategic location: the Kingdom is a major trade hub and a leading member of the Gulf Cooperation Council (GCC).
• Infrastructure: large projects in transport, healthcare and new cities create opportunities for related businesses.
• Market liberalisation: Saudi shares now feature in major global indices, and access for foreign investors has widened.

Saudi Vision 2030

Vision 2030 is a long-term plan to reshape the economy and society. It aims to reduce reliance on oil and to grow private-sector jobs. Key projects include NEOM, a planned new city, and a push to develop tourism. In addition, the plan expands cultural and entertainment offerings. Even so, large projects can be delayed or scaled back, so treat plans as aims rather than certainties.

Can You Invest in Saudi Arabia Without Living There Through Shares?

Yes. On 1 February 2026, Saudi Arabia opened its main stock market to all foreign investors, including non-resident individuals. Previously, most foreign investors had to qualify under the old Qualified Foreign Investor (QFI) rules. Now you can buy listed shares through a Saudi broker licensed by the Capital Market Authority.

Foreign ownership limits still apply. For example, a single foreign investor can usually hold up to 10% of a listed company. Total foreign ownership is generally capped at 49%. Check the current rules with your broker before you trade.

Investing Through Funds and ETFs

For most expats, a fund is the simpler route. Several index-tracking ETFs follow MSCI Saudi Arabia indices, and some are UCITS funds listed in Europe. In addition, many emerging market and GCC funds hold Saudi shares as part of a wider portfolio.

Before you choose a fund, compare its costs, domicile and tax treatment in your country of residence. US citizens should also be careful with non-US funds, which can be PFICs. A regulated adviser can help you decide whether any Saudi exposure suits your goals. Capital is at risk.

Can You Invest in Saudi Property Without Living There?

Possibly. A new law on real estate ownership by non-Saudis came into force on 22 January 2026. It allows non-Saudi individuals, companies and funds to own property in designated areas. Non-residents usually start by getting a digital ID through a Saudi embassy or consulate. They then apply through the official “Saudi Properties” platform.

• Designated areas: the Real Estate General Authority sets out where foreigners can buy. Check the latest list before you commit.
• Makkah and Madinah: tighter rules apply, and ownership is mainly limited to Muslim individuals.
• Costs: a transfer fee of up to 5% can apply when a non-Saudi sells, on top of standard transaction taxes.

Because the rules are new, take local legal advice before you buy.

Risks to Weigh

• Oil dependence: the economy and stock market remain sensitive to oil prices.
• Concentration: a few large companies and sectors dominate the market.
• Currency: the riyal is pegged to the US dollar. So if you spend pounds, you still face exchange-rate risk.
• Regional and policy risk: geopolitical events and rule changes can affect prices quickly.

Practical Steps

• Decide how much Saudi exposure, if any, fits your overall portfolio.
• Choose between a diversified fund, direct shares or property.
• Check the tax rules in your country of residence.
• Use regulated firms and keep records of every transaction.

Further Reading

For more detail, read our guide on how to invest in Saudi Arabia as an expat and our guide to moving to Saudi Arabia.

Want to talk through investing in Saudi Arabia without living there? Book a discovery call with our team.

This article is for general information only and is not financial, tax or legal advice. Capital at risk – the value of investments can fall as well as rise, and past performance is not a guide to the future.

Henry Temple-Baxter

Henry Temple-Baxter is the founder of Investments for Expats and is CISI Level 4 qualified. A long-term expat himself, he has lived and worked in Kuala Lumpur, Beijing, Bangkok, Hong Kong and Ho Chi Minh City. He set up the firm in 2018 to give UK expats fee-only, transparent advice on pensions, tax and investing abroad.

This guide is general information, not personal advice. Tax rules can change and their effect depends on your circumstances. Capital at risk.