Saudi Arabia grants 'premium residency' to 73 foreigners

Pedro Gonçalves
clock • 1 min read

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...

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