Saudi Arabia has launched an analogue of a green card for investors
Saudi Arabia has launched a permanent residence permit (ikwama) program for investors, writes Bloomberg. The main advantage of the program is the absence of the need for a citizen-sponsor to do business in the kingdom, the disadvantage is the high price. The Saudi equivalent of a green card costs 800,000 rials ($213,000), and an annual renewable residence permit costs 100,000 rials.