Riyadh, Saudi Arabia, Sept 25, 2025 (AFP) - Saudi freezes Riyadh rents for five years

NAMPA / AFP

2025-09-25

Saudi authorities announced on Thursday a five-year freeze on rent for residential and commercial properties in Riyadh, where demand for housing has soared as the kingdom's ambitious megaprojects draw workers to the city. Riyadh, the capital of the Middle East's largest economy, is home to more than 8.6 million people, nearly half of them foreigners. Many have converged on the city to work on multi-billion dollar projects as part of the Vision 20......

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