Saudi commerce ministry discusses five gains from new residency scheme

Saudi Arabia’s Ministry of Commerce and Investment said that there are five gains to the newly launched premium residency scheme in terms of attracting investors, including combating commercial concealment.

“The residency scheme will promote competitiveness and enhance the investment environment, as well as attract new enterprises that are capable of growth and expansion,” the ministry said on its Twitter account.

The system will also attract direct investments and is seen to draw innovative entrepreneurs to the Kingdom.