RIYADH: The Saudi Premium Residency Center announced that 38 entrepreneurs of 14 different nationalities received “Entrepreneur Residency” status during the Biban24 Forum. Organized by the General Authority for Small and Medium Enterprises (Monsha’at), this initiative aligns with national goals to position Saudi Arabia as a global hub for top talent and investment, driving job creation and knowledge transfer to strengthen the national economy.

According to Saudi Press Agency, the award aims to empower the entrepreneurial sector, attracting and retaining entrepreneurs and investors worldwide to support a diverse, promising economy and enhance the Kingdom’s investment landscape. Held under the theme “A Global Destination for Opportunities,” the forum is a pivotal platform connecting entrepreneurs, investors, policymakers, and industry experts to support startups and foster entrepreneurial growth.

The center offers seven residency types, which provide holders with various benefits, including residency for the
ir families, property ownership, relative sponsorship, and the ability to conduct business in Saudi Arabia, along with several other advantages facilitated through government partnerships.