Saudi Arabia's Big Plan to Attract Wealthy Visitors

Saudi Arabia is considering expanding its premium residency program to attract more investment and visitors. The goal is to reduce dependence on oil and foster a more diverse population.

Current Eligibility

• Executives: Monthly income exceeding 80,000 riyals
• Specialized Professionals: Health and science workers earning over 35,000 riyals monthly

Potential Expansions

• Superyacht Owners
• Luxury Real Estate Buyers
• Top Students

Key Initiatives

• Diriyah Development: A $60 billion project in Riyadh. Property buyers may qualify for premium residency, allowing visa-free living, working, and family relocation.
• Red Sea Resorts: Attracting visitors through residency perks for superyacht owners.
• Property Ownership: Non-Saudis can now own property in designated areas.

Recent Reforms

• Alcohol Sales: Non-Muslim premium residents and high-earners can now purchase alcohol, reflecting Saudi Arabia's shift towards modernity and foreign appeal.