Economy
Saudi Arabia grants premium residency to 73 foreigners

Saudi Arabia’s Premium Residency Center (SAPRC) has granted premium residency to 73 applicants who met the criteria. In an official statement on Monday, the Center said that the first batch granted Premium Residency consists of applicants who are already residing in Saudi Arabia and applicants from abroad.
The 73 applicants from 19 nationalities a wide spectrum of professions including investors, doctors, engineers, financiers who want to enjoy living in Saudi Arabia with their families.
In a tweet, the Centre said the applicants belonged from USA, UK, Canada, Ireland, China, India, Bangladesh, Indonesia, Pakistan, Jordan, Syria, Iraq, Yemen, Palestine, Lebanon, Egypt, Tunisia, Libya and Sudan.
The total number of applicants granted the Premium Residency is 73, representing 19 nationalities from a wide spectrum of professions including investors, doctors, and engineers who want to enjoy living in the Kingdom #SaudiPRC pic.twitter.com/6SZcfBdIsE
— الإقامة المميزة| Premium Residency (@SaudiPRCen) November 11, 2019
The Center said that it has received thousands of applications through its online portal from within and outside the Kingdom in the past few months.
“These applications are handled by a specialized tearn to analyze and communicate with the applicants to ensure a smooth application process in accordance with the Premium Residency regulations,” it said, adding that the Kingdom welcomes everyone – whether already residing in the Kingdom or based abroad – “as the Premium Residency is open for anyone who meets SAPRC requirements.
The Premium Residency Center CEO, Mr. Bandar Al Ayed, said, “The Kingdom welcomes everyone. Applying for a Premium Residency is available to anyone who rneets the relevant conditions, whether they are residing in the Kingdom or those wishing to come and settle here.”
“Our country today is one of the most important destinations, whether for working or investing or even for residing. in light of many advantages including the strategic location of the Kingdom. rich history and diversity, advanced infrastructure and most importantly, its security and stability. For example. when an investor comes to the Kingdom. he/she comes to a country with great economic and investment potential, and major projects led by Vision 2030, which ensures that the Kingdom will be a fertile ground for minds. talent. venture capital and is a land of innovation and futuristic industries,” he added.
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