Tuesday, 21 May 2019

Saudi Press: Distinguished Residence Permit

Riyadh, Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.

Al-Riyadh newspaper in its editorial titled " Distinguished Residence Permit" said there is a great optimism about the expected results of Distinguished Residence Permit system, which the Kingdom of Saudi Arabia announced it would grant to high-income foreigners and allow them to live and invest their money in the Kingdom in accordance with the rules and regulations, to ensure the benefit of both the State and citizens.

The newspaper added that the Distinguished Residence Permit carries many economic benefits to address problems rooted in the Saudi economy.

Al-Riyadh newspaper also said that the timing of the announcement of this new system refers to the remarkable planning of the national economy, as it coincides with the start of major projects being launched by the Kingdom's vision 2030, which is considered as an attraction for investors and businesspersons in the region and the world.

Source: Saudi Press Agency

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