Saudi Arabia Approves Permanent Residency For First Time

The Saudi government has approved for the first time a scheme that gives permanent residency to certain expatriates, allowing them to own real estate in the kingdom and reside with their families without a Saudi sponsor.

The “Privileged Iqama” system will offer a permanent residence scheme and one that can be renewed annually to highly skilled expatriates and owners of capital funds.

Source: Livemint

Static/Current Takeaways Important for LIC AAO Exam:

  • Saudi Arabia Capital: Riyadh, Currency: Saudi riyal.

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