Saudi Arabia’s Ministry of Foreign Affairs (MOFA) has recently announced an extensive expansion of its "Visiting Investor" scheme. This initiative, which was initially available to 60 nations, is now open to all countries across the globe. This expansion aims to facilitate and encourage investment opportunities within the Kingdom by simplifying the visa application process for international investors.
The revised business visit visa offers numerous advantages:
This initiative resonates strongly with Saudi Arabia’s ambitious Vision 2030 initiative. By extending the business visit visa to all nations, the Kingdom is reinforcing its commitment to fostering a conducive investment climate and facilitating the establishment of new businesses.
The Ministry of Investment (MISA) conveyed a compelling message, inviting global investors to explore the diverse and promising sectors within the Kingdom. The strategic geographical location of Saudi Arabia, positioned between three continents, adds an extra dimension to its appeal as an investment destination.
Collaborating with MOFA, the Ministry of Investment has broadened the eligibility criteria for the instant e-visa. Now, the visa is available to:
This progressive move is not only expected to enhance the investment climate in the Kingdom but also streamline the process for establishing new enterprises. The attractiveness of these opportunities is anticipated to draw substantial investments, contributing significantly to the Kingdom's economic growth.
The Undersecretary of the Ministry of Investment emphasized that applying for the "Visiting Investor" business visit visa will be facilitated through the Ministry of Investment’s affiliated platform, "Invest Saudi." Subsequently, the Ministry of Foreign Affairs will digitally issue the visa, ensuring a streamlined and efficient process.
In addition to the expansion of the business visit visa, Saudi Arabia has broadened its e-tourist visa program, extending it to citizens of six more countries. This expansion to include Türkiye, Thailand, Mauritius, Seychelles, Panama, and Saint Kitts and Nevis aligns with the Kingdom’s efforts to promote tourism and strengthen international ties.
These strategic initiatives collectively underscore Saudi Arabia's commitment to becoming an attractive destination for both investors and tourists. The Kingdom's efforts not only signal openness to global engagement but also highlight its proactive approach to economic diversification and growth.