Saudis Weigh Expanding Special Residency Net to Lure Ultra Rich

Saudi Arabia is considering plans to extend perks offered under its premium residency program to a wider range of candidates including high-net-worth individuals and owners of super yachts as the kingdom seeks to draw in more talent and capital.

The plans being considered include a move to potentially open up applications to individuals with a net worth of close to $30 million, according to people familiar with the matter and documents seen by Bloomberg News.