Innovation

Permanent residency for expats in Saudi, a welcome move

Deputy Crown Prince Muhammad Bin Salman
Deputy Crown Prince Muhammad Bin Salman

 

Expatriates have overwhelmingly welcomed the announcement by Deputy Crown Prince Muhammad Bin Salman, second deputy premier and minister of defense, that Saudi Arabia was planning to give permanent residency to foreign workers similar to the US Green Card system.

“The Green Card-like program and a plan to allow employers to hire more foreign workers above their official quotas for a fee could generate $10 billion a year each,” the deputy crown prince told Bloomberg in an exclusive interview.

 

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