Saudi Arabia has granted 73 foreigners "premium" residency under a new programme to attract overseas investment by enabling selected people to buy property and do business without a Saudi sponsor. Saudi Arabia's Premium Residency Centre said it had received thousands of applications through its online portal from inside and outside the country over the past few months. The first batch of recipients come from 19 countries and include investors, doctors, engineers and financiers. The changes are part of Crown Prince Mohammed bin Salman's economic and social reform plans to diversify the...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes