A flag of the Kingdom of Saudi Arabia flies during sunset near the corniche promenade in Dhahran, Saudi Arabia. (Photographer: Simon Dawson/Bloomberg)

Saudi Arabia Charges Foreigners $213,000 for Permanent Residency

Jun 23 2019, 10:45 AMJun 24 2019, 6:40 AMJune 23 2019, 10:45 AMJune 24 2019, 6:40 AM

(Bloomberg) -- Saudi Arabia has opened applications for a permanent residency program designed to attract foreign investment to the kingdom, but it will cost a hefty 800,000 riyals ($213,000).

Saudi Arabia Charges Foreigners $213\,000 for Permanent Residency

Saudi Arabia Charges Foreigners $213,000 for Permanent Residency