Saudi Arabia has introduced five new Premium Residency programs to bolster its global standing and attract skilled professionals and investments. Aligned with national objectives to enhance the country’s position as a hub, these initiatives seek to fuel economic growth, create job opportunities, and promote knowledge transfers.
The five new Premium Residency categories are Special Talent, Gifted, Investor, Entrepreneur, and Real Estate Owner Residency. They aim to accelerate the nation’s transition toward a diversified, knowledge-based economy by targeting various sectors.
These programs offer opportunities for settlement in Saudi Arabia. They are open to individuals who can contribute to the economy and engage in the country’s development, aligning with Saudi Vision 2030 goals.
The Special Talent Residency targets healthcare, science, and research professionals, attracting those with unique expertise to facilitate knowledge and technology transfer. The Gifted Residency integrates skilled professionals into the cultural and sports sectors. Meanwhile, the Investor Residency caters to those seeking to capitalize on Saudi Arabia’s business landscape for high-impact returns.
Additionally, the Entrepreneur Residency supports aspiring entrepreneurs and innovative project owners looking to establish and grow startups, aligning with the country’s economic transformation. The Real Estate Owner Residency appeals to individuals owning real estate, offering a promising quality of life and benefits from the Kingdom’s growing real estate market.
These initiatives have been developed in collaboration with various government entities and offer holders numerous benefits, including business operations, real estate ownership, and work permits for themselves and family members, among others, facilitated by the Premium Residency Center in partnership with government stakeholders.