Saudi Arabia announces 5 new premium residency products

Saudi Arabia announces 5 new premium residency products, the purpose of these products is to attract talent from around the world.

Saudi Arabia announces 5 new premium residency products

On Wednesday, the Premium Residency Center of Saudi Arabia unveiled five innovative premium residency packages, aligning with the nation’s aspiration to position itself as a leading global hub, attracting and supporting skilled professionals, investors, and entrepreneurs.

This unveiling signifies a pivotal step in Saudi Arabia’s shift toward a knowledge-driven economy. The five distinct premium residency categories include:

Special Talent Premium Residency: Tailored for executives and professionals in healthcare, science, and research, aiming to draw individuals with exceptional competence contributing to knowledge and technology growth.
Gifted Premium Residency: Geared towards skilled experts in the cultural and sports industries, enriching Saudi Arabia’s vibrant cultural landscape.
Investor Premium Residency: Designed for those exploring business opportunities in Saudi Arabia, facilitating significant financial gains.
Entrepreneur Premium Residency: Targeting ambitious entrepreneurs and project owners, encouraging the establishment of startups within the Kingdom.
Real Estate Owner Residency: Crafted for property owners in Saudi Arabia, providing an exceptional standard of living and capitalizing on the growing real estate market.

These packages, developed in collaboration with various authorities, offer a range of benefits, including engaging in commercial transactions, property ownership, and obtaining employment authorizations for the residency holders and their dependents.

The Premium Residency Center’s objective is to create opportunities for individuals showcasing the potential to contribute to Saudi Arabia’s rapid development and the realization of Saudi Vision 2030.

This strategic move is anticipated to expedite economic diversification and expansion, attracting a global workforce and investments that will play a crucial role in shaping Saudi Arabia’s future.