Saudi Arabia is considering an expansion of its premium residency programme as the kingdom steps up efforts to attract wealthy individuals, entrepreneurs and long-term investors to live and do business in the country.

Officials are reviewing ways to broaden eligibility and enhance incentives under the scheme, which offers foreign residents the right to live, work and own property without the need for a local sponsor.

The premium residency programme, first launched in two thousand nineteen, has been positioned as a cornerstone of Saudi Arabia’s wider economic transformation strategy.

It grants holders long-term or permanent residency status in return for a substantial fee or qualifying investment, allowing access to benefits traditionally restricted to Saudi nationals.

Authorities are now assessing whether adjustments to pricing, eligibility thresholds or benefits could make the programme more competitive with similar residency-by-investment schemes offered by other global financial hubs.

The review comes as Saudi Arabia seeks to deepen private-sector participation and attract international capital to support diversification away from oil revenues.

By encouraging affluent residents to base themselves in the kingdom, policymakers aim to stimulate investment in sectors such as real estate, technology, tourism and financial services, while also strengthening consumer spending and job creation.

Officials familiar with the discussions say the potential expansion reflects growing confidence in the programme’s appeal, alongside recognition that global competition for mobile wealth has intensified.

While no final decisions have been announced, any changes are expected to align closely with Vision twenty thirty goals, reinforcing Saudi Arabia’s ambition to position itself as a regional hub for business, talent and capital.