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HomeBusinessSaudi Premium Residency: Attracting Global Talent to the Kingdom

Saudi Premium Residency: Attracting Global Talent to the Kingdom

How Saudi Arabia’s Green Card Program Fuels Innovation and Economic Growth

May 3, 2025
in Business
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Saudi Arabia is emerging as a major destination for skilled professionals worldwide, thanks to its focus on innovation and economic diversification. Central to this effort is the Premium Residency program, often called the Saudi Green Card, which grants long-term residency to talented workers, entrepreneurs, and investors, offering them benefits similar to those of citizens.

This initiative has already attracted thousands of professionals, particularly in healthcare, as part of a broader strategy to boost sectors like technology, finance, and manufacturing. The program allows expatriates to own property, launch businesses, and access public services, making Saudi Arabia more appealing to global talent.

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Experts note that such policies are key to supporting the Kingdom’s growing population and ambitious Vision 2030 goals. By welcoming international talent, Saudi Arabia aims to reduce its reliance on oil, encourage innovation, and foster collaboration between local and international institutions.

However, adapting to local culture and regulations can be challenging for newcomers. Clear pathways for integration and support are seen as essential to help professionals settle and thrive.

The international talent infusion not only accelerates progress within key sectors but also drives cultural and intellectual exchange, fostering long-term growth and innovation.

Raymond Khoury, Arthur D. Little Middle East

Saudi Arabia faces competition from other Gulf countries with similar talent attraction programs, but its scale of economic transformation and emerging opportunities across sectors give it a unique edge. The Premium Residency scheme, for example, enables professionals to work without a sponsor, supporting the nation’s push to become a regional innovation hub in areas such as artificial intelligence and digital transformation.

Industry leaders highlight the importance of balancing international expertise with the development of local talent. The goal is to create a workforce capable of driving long-term digital growth and innovation, not just fill immediate gaps.

The influx of skilled workers is particularly significant in sectors like healthcare, tourism, and renewable energy. International professionals bring advanced knowledge and best practices, helping Saudi Arabia improve service quality, advance research, and develop as a destination for medical tourism and sustainable industries.

By incentivizing industries that rely on highly skilled professionals, Saudi Arabia can accelerate sectoral growth and enhance its overall economic contribution.

Abhishek Sharma, Oliver Wyman

Education and upskilling are also highlighted as priorities. Attracting talent in STEM fields and knowledge-based industries is seen as vital to building a competitive, future-ready economy. Collaborations between global experts and local professionals are helping to create innovation ecosystems and support the development of homegrown capabilities.

While attracting global talent is crucial, sustainable growth depends on balancing international expertise with local knowledge development.

Mamdouh Al-Doubayan, Globant

Looking ahead, experts suggest that expanding residency programs and investing in research, development, and innovation hubs will further enhance Saudi Arabia’s attractiveness to global talent. The government is also increasing funding for incubators, accelerators, and venture capital to support startups and emerging industries.

Ultimately, creating an environment where professionals can grow, innovate, and feel valued is seen as the key challenge. As the Kingdom continues its transformation, combining international know-how with local skills will be essential for sustainable economic growth and global competitiveness.

Tags: economic diversificationexpatriate professionalsGlobal TalentinnovationVision 2030
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