Saudi Arabia Initiates New Residency Plans to Draw Foreign Professionals
Saudi Arabia has introduced new residency programs to attract skilled professionals and investments, aligning with its economic transformation plan, Vision 2030.
The premium programs target professionals in healthcare, sports, real estate, and other fields, providing opportunities to settle, conduct business, own real estate, and obtain work permits for the holders and their families.
The initiative aims to diversify the Saudi economy and reduce dependence on oil. The move also reflects increased competition with the United Arab Emirates, which has implemented similar initiatives, such as the 'golden visa' system.
