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Premium Residency
The Premium Residency, informally known as the Saudi Green Card, is a residence permit in Saudi Arabia that grants expatriates the right to live, work and own business and property in the Kingdom without need for a sponsor. The scheme aims to attract highly skilled and wealthy foreign nationals as well as investors and entrepreneurs. The introduction of the Premium Residency comes as a part of Saudi Arabia's Vision 2030 reform plan, which was announced by Crown Prince Mohammed bin Salman to boost the Saudi economy. The permanent residency is granted for SAR800,000 (US$213,000 as of 2022) while the one-year renewable residency costs SAR100,000 ($26,660). The scheme is separate from the current iqama residency because it grants more of the rights and privileges given to permanent residents in other countries. Current Saudi iqama holders must have a sponsor and must still regularly renew their permits based upon their employment status as well as the government's migration polic ...
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Residence Permit
A residence permit (less commonly ''residency permit'') is a document or card required in some regions, allowing a foreign national to reside in a country for a fixed or indefinite length of time. These may be permits for temporary residency, or permanent residency. The exact rules vary between regions. In some cases (e.g. the UK) a temporary residence permit is required to extend a stay past some threshold, and can be an intermediate step to applying for permanent residency. Residency status may be granted for a number of reasons and the criteria for acceptance as a resident may change over time. In New Zealand the current range of conditions include being a skilled migrant, a retired parent of a New Zealand National, an investor and a number of others. Biometric residence permit Some countries have adopted biometric residence permits, which are cards including embedded machine readable information and RFID NFC capable chips. In Georgia Georgia (country) offers several type ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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Saudi Vision 2030
Saudi Vision 2030 ( ar, رؤية السعودية ٢٠٣٠ ''ruʾyah al-suʿūdiyah'') is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. Key goals include reinforcing economic and investment activities, increasing non-oil international trade, and promoting a softer and more secular image of the Kingdom. It also consists of increasing government spending on the military, as well as manufacturing equipment and ammunition. The first details were announced on 25 April 2016 by Crown Prince Mohammed bin Salman. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". In 2021, ''The Guardian'' wrote despite Saudi Arabia's commitment to diversify its economy, the government was still 75 ...
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Mohammad Bin Salman
Mohammed bin Salman Al Saud ( ar, محمد بن سلمان آل سعود, translit=Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), colloquially known by his initials MBS or MbS, is Crown Prince and Prime Minister of Saudi Arabia. He also serves as the chairman of the Council of Economic and Development Affairs and chairman of the Council of Political and Security Affairs. He is considered the ''de facto'' ruler of Saudi Arabia, being deemed as such even before his appointment as prime minister in 2022. He served as minister of defense from 2015 to 2022. He is the seventh son of King Salman. Mohammed was born as the eldest of six children to Prince Salman bin Abdulaziz and his third wife, Fahda bint Falah Al Hithlain. After obtaining a law degree from King Saud University, he served as an advisor to his father. After Salman ascended the throne in January 2015, he appointed Mohammed as minister of defense, and Mohammed was also given the role of deputy crown princ ...
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Economy Of Saudi Arabia
The economy of Saudi Arabia is the largest in the Arab world, Middle East and the eighteenth largest in the world. A permanent and founding member of OPEC, the OPEC, Saudi Arabia is also a member of the G20 forum as one of the world's largest economies. Saudi Arabia reportedly has the third most valuable natural resource reserves in the world, mostly petroleum and natural gas. The kingdom has List of countries by proven oil reserves, the second-largest Proven reserves, proven petroleum reserves, and the List of countries by natural gas proven reserves, fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world, which sees it ocassionally referred to as a Petro State in Western media. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco. The economy of Saudi Arabia functions as a petrostate ...
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Saudi Riyal
The Saudi riyal ( ar, ريال سعودي ') is the currency of Saudi Arabia. It is abbreviated as or SAR ''(Saudi Arabian Riyal)''. It is subdivided into 100 halalas ( ar, هللة '). The currency is pegged to the US dollar at a constant rate of exchange. History The riyal has been the currency of Saudi Arabia since the country came into being and was the currency of Hejaz before Saudi Arabia was created, one of the primary currencies in the Mediterranean region during the Ottoman era. The Hejaz riyal was based on but not equivalent to the Ottoman 20 kuruş coin and was consequently divided into 20 qirsh. However, although the Hejaz riyal was the same weight as the Ottoman 20 kuruş, it was minted in .917 fineness, compared to .830 fineness for the Ottoman coin. Thus, because the first Saudi riyal had the same specifications as the Hejaz riyal and circulated alongside Ottoman coins, it came to be worth 22 Ottoman kuruş and was consequently subdivided into 22 ghirsh when co ...
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Iqama
The Iqama or Iqamah ( ar, إِقَامَة, ') is the second call to Islamic Prayer, given immediately before prayer begins. Encyclopaedia of Islam, 2nd Edition Online. Edited by P. Bearman, Th. Bianquis, C.E. Bosworth, E. van Donzel, W.P. Heinrichs The iqama is given a more rapid and less sonorous rendering than the first call, the adhan, because it is intended merely to draw the attention of those already in the mosque, rather than to remind those outside the mosque to come in. The phrases of the iqama and the adhan are the same, though there are variations among sects in the preferred number of repetitions of the phrases. Text The Hanafi and the Shia schools both use the same number of repetitions of the formula for both the Adhan and the Iqama, contrary to all the other Islamic schools. According to the Malikis, everything is said as normal (Allahu Akbar - 2x, Ashadu ala ilaha illa Allah - 1x, Ashadu anna Muhammadur RasoolAllah - 1x, Hayya ala salah - 1x, Hayya alal fal ...
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Foreign Workers In Saudi Arabia
Foreign workers in Saudi Arabia (), estimated to number about 9 million as of April 2013, began migrating to the country soon after oil was discovered in the late 1930s. Initially, the main influx was composed of Arab and Western technical, professional and administrative personnel, but subsequently substantial numbers came from Southeast Asia. Saudi Arabia has become increasingly dependent on foreign labour, and although foreign workers remain present in technical positions, most are now employed in the agriculture, cleaning and domestic service industries. The hierarchy of foreign workers is often dependent on their country of origin; workers from Arab nations and western nations generally hold the highest positions not held by Saudis, and the lower positions are occupied by persons from Africa, and Southeast Asia. The Saudi government has faced criticism from legal bodies and employers over the treatment of foreign workers. Saudi Arabia deported thousands of Tigrayan migrant ...
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Saudi Arabian Nationality Law
Saudi nationality law, officially called the Saudi Arabian Citizenship System, is the law that determines who is a Saudi citizen. Foreigners are given citizenship if they meet the terms and conditions. Original Saudis Anyone who was born or resided on Saudi Arabian land from 1332 Hijra – 1914 A.D. until 22/3/1345 Hijra provided that they did not acquire a foreign citizenship prior to this date. By birth A child born in Saudi Arabia to a non-Saudi father and a Saudi mother has the right to Saudi citizenship upon reaching the age of majority if they fulfill the following: * have permanent residency * be fluent in Arabic. * the grandfather of the mother must be Saudi. * getting an approval from the highest authority in the country (The King). Children born to unknown parents in Saudi Arabia automatically get citizenship until the identities of the parents are known. Children born to foreigners do not have the right to citizenship, but may be given nationality if they have a ...
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Residence Permit
A residence permit (less commonly ''residency permit'') is a document or card required in some regions, allowing a foreign national to reside in a country for a fixed or indefinite length of time. These may be permits for temporary residency, or permanent residency. The exact rules vary between regions. In some cases (e.g. the UK) a temporary residence permit is required to extend a stay past some threshold, and can be an intermediate step to applying for permanent residency. Residency status may be granted for a number of reasons and the criteria for acceptance as a resident may change over time. In New Zealand the current range of conditions include being a skilled migrant, a retired parent of a New Zealand National, an investor and a number of others. Biometric residence permit Some countries have adopted biometric residence permits, which are cards including embedded machine readable information and RFID NFC capable chips. In Georgia Georgia (country) offers several type ...
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