Saudi Arabia launches a visitor investor visa
The Saudi Ministry of Foreign Affairs, in conjunction with the Saudi Ministry of Investment, has announced the debut of an electronic business visit visa service called "Visiting Investor." The service's primary objective is to make it easier for potential investors to go to the Kingdom and investigate the various investment opportunities available there.
Saudi Arabia a visitor investor visa
According to a tweet published by the Ministry of Investment, Saudi Arabia has introduced an electronic visa for "visiting investors" with the intention of streamlining the admission process for investors who are interested in investigating the various business prospects available in the kingdom.
The Ministry of Foreign Affairs, in conjunction with the Ministry of Investment, is responsible for the introduction of the project.
The authorization comes in the form of an electronic visa, and it can be acquired through the single national database for visas.
The application and approval process for prospective investors has been improved in order to make it simpler for them to do both of those things. After an application has been submitted, it will be processed in a short amount of time, and the visa will be given online.
The beneficiary of the service:
As a first stage, the service is beneficial to investors who are citizens of a number of countries; after that, it will be circulated to the rest of the world as a second stage; and the service contributes to the realization of the objectives of Saudi Vision 2030, which call for the Kingdom to be a leading investment power with attractive competitiveness.
It is important to note that Saudi Arabia achieved the second place on the list of the most developed countries in the world in tourism during the first quarter of 2023, according to the most recent data received from the World Tourism Organization from countries, as the Kingdom received approximately 7.8 million international tourists for all purposes in the period from January to March 2023, which represents the highest historical quarterly performance, achieving a growth of 64% compared to the previous year's first quarter.
Saudi Arabia and tourism
The number of international visitors to the Kingdom reached 16.6 million in 2022, which resulted in the Kingdom recording a notable achievement in the tourism sector. This resulted in the Kingdom recording a big leap in the ranking of the countries that most receive international tourists, moving up 12 ranks and reaching the 13th place in 2022, compared to the 25th place in 2019, when the number of international visitors to the Kingdom was 16.6 million. According to the report that was put out by the World Tourism Organization during the course of the previous year for any and all objectives.
