Shoura Council Updates Premium Residency Rules, Coordinates with Authorities for Data Collection and Impact Measurement
The Shoura Council, presided by Dr. Meshaal Al-Sulami, issued directives to update the rules and regulations for premium residency.
The updates aim to collect data of eligible individuals, facilitate their nomination, and market premium residency products.
The council also instructed coordination with relevant authorities to measure economic, functional, and investment impacts and update them regularly.
The decisions were made during the presentation of the Premium Residency Center's annual report for the fiscal year 1444/1445 AH.
The council asked the committee to create policies and mechanisms for integrating various types of premium accommodation products with their target audiences, while aligning with national programs and strategies.
The Commerce and Investment Committee was instructed to collaborate with the Ministry of Human Resources and Social Development to help government employees start businesses by granting entrepreneur licenses and reviewing relevant legislation and procedures.
The council also requested the committees to work with the General Authority for Statistics and the Saudi Data and Artificial Intelligence Authority to continuously update and make available statistical data to support enterprise productivity.
The text instructs the council to collaborate with Vision Realization offices and relevant authorities to create sustainable policies and practices.
The goal is to help small and medium enterprises (SMEs) participate in the supply chains of major projects and align with national strategies.