Saudi Arabia issues first permanent residencies to foreigners

Saudi Arabia granted 73 foreigners “premium” residency under a new program to attract overseas investment by enabling selected people to buy property and do business without a Saudi sponsor. The kingdom received thousands of applications after offering permanent residency for 800,000 riyals (Dhs783,482) or a one-year renewable permit for 100,000 riyals (Dhs 97,935). The first […]