In a significant move to bolster its startup ecosystem, the Saudi Premium Residency Center has granted its “Entrepreneur Residency” to more than 100 founders from over 20 different nationalities. The announcement was made during the Biban 2025 forum in Riyadh, an event organized by the General Authority for Small and Medium Enterprises (Monsha’at).
This initiative underscores the Kingdom’s commitment to becoming a global destination for talent, innovators, and entrepreneurs, directly supporting the investment and innovation goals outlined in Saudi Vision 2030.
Attracting Global Talent to the Kingdom
The granting of these residencies is a key part of a broader strategy to attract high-caliber projects and individuals who can contribute to the diversification and growth of the national economy. By welcoming entrepreneurs from around the world, Saudi Arabia aims to foster a dynamic and competitive business environment.
The move signals the Kingdom’s dedication to creating a stimulating ecosystem where creative minds can develop and scale their businesses, thereby generating quality employment opportunities.
Targeting Innovative Tech Startups
The “Entrepreneur Residency” product is specifically designed for founders of startups with innovative technology-based solutions. It targets entrepreneurs looking to establish and grow their operations within the Kingdom, leveraging its strategic location and burgeoning market.
This focus on technology and innovation is intended to accelerate economic sustainability and enhance the country’s competitive edge on the global stage.
A Suite of Residency Products
The Premium Residency Center offers a total of seven distinct residency products to cater to a wide range of skilled professionals and investors. These include residencies for exceptional talent, business investors, property owners, and both limited and unlimited duration options.
Holders of these premium residencies enjoy several benefits, such as the ability to reside with their families, conduct business freely, own real estate, and sponsor relatives, providing a stable and attractive foundation for long-term settlement and business growth.
About The Premium Residency Center
The Premium Residency Center is a Saudi governmental organization established to provide a range of residency products for distinguished individuals and their families. It aims to attract and retain talented professionals, entrepreneurs, and investors from around the world to contribute to the Kingdom’s economic development and diversification in line with Saudi Vision 2030.
Source: Alweeam
