Economics
Saudi Arabia Says Landmark Residency Plan Will Bolster Economy
- Special residency for wealthy expats won’t require sponsorship
- Rules for receiving residency to be determined within 90 days
Expats in Saudi Arabia are subject to some of the world’s most restrictive residency rules.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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Saudi Arabia approved a program that offers permanent residency for some foreigners to attract investments, the latest sign of how the quest for non-oil revenue is prompting Gulf Arab countries to rethink the role of expats in their societies.