🇸🇦 SAUDI ARABIA EYES ULTRA-WEALTHY RESIDENCY EXPANSION
Saudi Arabia is considering expanding its premium residency program to attract ultra-wealthy individuals, including those with $30 million+ net worth and super yacht owners, Bloomberg reports. This move is part of the kingdom’s strategy to bring more global capital, luxury investment, and high-net-worth spending into the country.
If approved, the expansion could supercharge Saudi’s economic transformation by boosting foreign inflows, luxury real estate demand, and international business presence—while also signaling a major push to become a top global wealth destination.
📰 Source: Bloomberg