Saudi Arabia

Saudi Arabia Announces 5 New Visas

Saudi Arabia has announced five new visa categories as it looks to attract investors and talent to the Kingdom.

The new “premium residency products” are aimed at real estate owners, entrepreneurs and talented individuals coming to the country.

In line with the vision of Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister of the Kingdom of Saudi Arabia, Chairman of the Board of the Premium Residency Centre Dr. Majid bin Abdullah Alkassabi has announced the launch of five new Premium Residency products.

New Saudi visas

These products align with national goals to boost Saudi Arabia’s position as a global hub, attracting skilled professionals and investments.

The initiative aims to further drive the country’s economic transformation by creating employment opportunities and fostering knowledge transfers.

Alkassabi outlined that the five new Premium Residency products are:

  • Special Talent
  • Gifted
  • Investor
  • Entrepreneur
  • Real Estate Owner

He added that the announcement will accelerate Saudi Arabia’s trajectory towards a knowledge-based, diversified economy in new sectors.

He also said the five new Premium Residency products will offer holders unparalleled opportunities for settling in Saudi Arabia.

The Chairman of the Board of the Premium Residency Centre highlighted that the doors to all Premium Residency products are open to those who can add value to the national economy and actively participate in Saudi Arabia’s rapid development journey under Saudi Vision 2030.

The five new products have been tailored for working professionals, talents and investors who fit into specific categories.

  • The Special Talent Residency: caters to executives and professionals who specialise in healthcare, science, and research. It aims to attract individuals with unique skills and experiences who can contribute to knowledge and technology transfers
  • The Gifted Residency: aims to integrate skilled professionals and talented individuals into Saudi Arabia’s vibrant and growing cultural and sport sectors
  • The Investor Residency: is designed for investors looking to capitalise on Saudi’s thriving business landscape and generate high-impact returns from across the economy
  • The Entrepreneur Residency: is intended for aspiring entrepreneurs and owners of innovative projects, eager to launch and develop their start-ups in Saudi Arabia, contributing to the nation’s ambitious economic transformation journey
  • The Real Estate Owner Residency: is designed for individuals who own real estate and are looking to enjoy the Kingdom’s exceptional quality-of-life, while benefitting from its promising real estate market, which has undergone rapid and comprehensive development in recent years

The five new products have been developed in collaboration with the Premium Residency Centre’s strategic partners across an array of government entities.

The products offer a wide range of benefits to holders, including the ability to conduct business, own real estate, obtain work permits for holders and family members, and many more advantages the Premium Residency Centre provides in cooperation with government partners.

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Source
Arabian Business

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