Saudi Arabia has introduced five new visas as part of its “premium residency products” to attract skilled professionals and investors, aligning with the nation’s goals for economic transformation and increased global business prominence.
The new visa categories include special talent, gifted, investor, entrepreneur, and real estate owner residencies. These visas aim to offer holders various benefits, such as conducting business, owning real estate, obtaining work permits, and more, contributing to the kingdom’s Vision 2030 agenda of economic diversification.
The special talent residency targets executives and professionals in healthcare, science, and research, seeking individuals with unique skills to contribute to knowledge and technology transfer.
The investor residency is designed for those seeking opportunities in Saudi Arabia’s thriving business landscape.
The entrepreneur residency caters to aspiring entrepreneurs and owners of innovative projects looking to establish startups in the kingdom. The real estate owner visa is aimed at individuals interested in benefiting from Saudi Arabia’s rapidly growing real estate market.
Majid bin Alkassabi, Chairman of Saudi Arabia’s Premium Residency Centre, highlighted the visas’ benefits, including work permits, real estate ownership, and other advantages.
While specific details on the duration and costs of the new visas were not provided, the initiative aligns with Saudi Arabia’s Vision 2030, focusing on economic diversification, job creation, and knowledge exchange.
The kingdom has been actively promoting public-private partnerships, industry free zones, and tax incentives to attract talent and investors, contributing to its non-oil economy goals.
The new visa products reflect Saudi Arabia’s commitment to becoming a global business hub and encourage individuals capable of adding value to the national economy to actively participate in the kingdom’s development journey.
The initiative aims to strengthen Saudi Arabia’s position as a prominent destination for professionals and investors, promoting economic growth and diversification.
