Saudi Arabia introduces a new Business Visit Visa for "Investing Visitor" electronically
Saudi Arabia has introduced an electronic business visitor visa called a "visiting investor." The new visa service, which the Ministry of Foreign Affairs and the Ministry of Investment jointly announced, intends to make it easier for foreign investors to visit Saudi Arabia and directly explore the country's investment opportunities in the Kingdom. Most Viewed : All GCC resident expats can now get Saudi Arabia tourist visa
- As part of the Vision 2030 strategy to diversify the economy away from oil, Saudi Arabia has shown a significant interest in speeding the procedure for investors and foreign businesses wishing to expand their portfolios within the Kingdom. Recommend : Saudi Arabia now switches to e-Visa for these 7 countries
- According to the Saudi Central Bank, generally known as SAMA, foreign investments in Saudi Arabia increased by 2% in the Year 2022 to SR2.4 trillion ($640 billion), up from SR2.36 trillion in the Year 2021.