Thursday, December 19, 2024
Saad Anwar becomes one of the youngest expats to get premium residency
Saad Anwar, a 26-year-old Indian entrepreneur, has been awarded a Premium Residency by the Kingdom of Saudi Arabia, making him one of the youngest expatriates to receive this prestigious status. This recognition, conferred in 2022, celebrates Saad’s substantial contributions to the Kingdom’s economy and business ecosystem.
Premium Residency in Saudi Arabia offers significant benefits for expatriates, providing them with the right to live, work, and own businesses and property in the Kingdom without the need for a local sponsor.
This residency status grants greater independence for business owners and investors, enabling them to make autonomous decisions, form partnerships, and expand their ventures within Saudi Arabia’s growing economy.
Additionally, Premium Residency holders can enjoy streamlined processes for travel, obtain visas for family members, and access certain public services. As part of Saudi Arabia’s Vision 2030 initiative, this residency aims to attract highly skilled professionals and entrepreneurs, fostering an environment that encourages innovation and economic diversification.
Saad’s journey is one of resilience and ambition. Born in Lucknow, he moved to Jeddah with his family in 2003 and quickly adapted to his new home. After completing his education, Saad began his career at 18, advancing through various roles until he leaped into entrepreneurship in 2017.
By 2022, he fully acquired Senyar Arabian Trading, a contracting and manpower support company, and now serves as its CEO. Since obtaining Premium Residency, Saad has actively invested in and managed multiple ventures under his own name, helping to boost Saudi Arabia’s business sector.
Saad’s entrepreneurial spirit has led him to introduce several foreign companies and international trademarks to the Saudi market, creating bridges between global businesses and the Kingdom. His work aligns closely with Saudi Arabia’s Vision 2030, which seeks to foster economic diversification and innovation.
In a recent interview with the Saudi Expatriates, Saad expressed his gratitude for the Saudi government’s efforts to promote a pro-business environment. “The government’s initiatives to support investors, encourage startups, and open up new sectors for growth have been instrumental in my success,” he remarked.
Saad praised the Kingdom’s Vision 2030 for creating valuable opportunities for entrepreneurs and foreign investors alike, noting that these efforts have transformed Saudi Arabia into a dynamic and forward-thinking business hub.
In addition to his business ventures, Saad is deeply committed to philanthropy. Through his investment company, he supports local small and medium-sized enterprises (SMEs) by providing mentorship and funding. His philanthropic contributions extend to social initiatives in education, healthcare, and community welfare, aiming to enhance the quality of life for Saudi citizens and residents.
Looking forward, Saad plans to establish a holding company to manage his expanding investments in Saudi Arabia and internationally. His vision is to continue supporting the Kingdom’s economic growth while expanding his philanthropic reach, setting a powerful example of young, purpose-driven entrepreneurship.
Saad Anwar becomes one of the youngest expats to get premium residency—Saudi-Expatriates.com
