Wednesday, January 10, 2024
Saudi Arabia introduces 5 new Premium Residency products to attract Worldwide talent
The Premium Residency Center of Saudi Arabia introduced five advanced premium residency packages on Wednesday. The initiative is in line with the country's goal to establish itself as a prominent worldwide center, attracting in and supporting talented professionals, investors, and entrepreneurs. Video Recommended : Saudi Arabia discovers huge Gold in Makkah
The introduction of these packages marks an important milestone in Saudi Arabia's transition towards a diverse, knowledge-driven economy. The five additional premium residency categories are
1. Special Talent Premium Residency
2. Gifted Premium Residency
3. Investor Premium Residency
4. Entrepreneur Premium Residency and
5. Real Estate Owner Residency. Read : Saudi Airports to introduce Passenger with No Bag service
- Each category is customized for certain industries and expertise, with the goal of attracting skilled individuals and investments that will make a substantial contribution to the country's economic environment.
1. The 'Special Talent' Residency program is specifically designed for executives and professionals in the fields of healthcare, science, and research. It aims to attract individuals with exceptional competence who can make valuable contributions to the growth of knowledge and technology.
2. The primary objective of the 'Gifted' Residency program is to bring in skilled experts into Saudi Arabia's booming culture and sports industries.
3. The 'Investor' Residency program is designed for individuals who are interested in investigating the growing business opportunities in Saudi Arabia and making significant financial gains. See Also : New amendments to Saudi Premium Residency Law
4. The 'Entrepreneur' Residency program targets ambitious entrepreneurs and inventive project owners, motivating them to establish their start-ups within the Kingdom of Saudi Arabia.
5. The 'Real Estate Owner' Residency has been designed specifically for those who own property in Saudi Arabia. This residency program aims to provide them with an extraordinary standard of living and the opportunity to take advantage of the country's growing real estate market.
- These products, which were created via cooperation with multiple authorities, provide a variety of advantages to their holders. These activities involve engaging in commercial transactions, owning immovable property, and acquiring employment authorizations for both themselves and their dependents. Most Viewed : Green spaces in Makkah region increased by 600% in just 5 months
- The Premium Residency Center aims to provide opportunities for individuals who show the ability to contribute to Saudi Arabia's rapid development and the achievement of Saudi Vision 2030.
- Saudi Arabia's strategic decision is expected to speed up its economic diversification and expansion, drawing in a global workforce and investments that will shape its future.
