Saudi Arabia Sets SAR 7M Investment for Premium Residency

Saudi Arabia has officially announced that foreign nationals must invest a minimum of SAR 7,000,000 (approximately N2,517,134,845) to qualify for premium residency. This investment must be reflected in a valid investment licence issued by the Ministry of Investment, which must indicate a minimum ownership share of the specified amount.

The premium residency scheme is designed specifically for investors, requiring them to actively hold a registered investment in Saudi Arabia. The residency is not permanent by default and is contingent upon maintaining the investment arrangements throughout the duration of the stay.

This threshold is particularly significant for Nigerian and other African investors, as it places the premium residency within reach of high-net-worth individuals and institutional investors rather than small business owners.