Saudi Premium Residency Program hosts workshop in Riyadh

Saudi Premium Residency Program hosts workshop in Riyadh
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The workshop centered around the entrepreneur residency product (ERP) to enlighten attendees on this category's opportunities, requirements, and benefits. (AN Photo by Abdulrahman AlNajim)
Saudi Premium Residency Program hosts workshop in Riyadh
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The workshop centered around the entrepreneur residency product (ERP) to enlighten attendees on this category's opportunities, requirements, and benefits. (AN Photo by Abdulrahman AlNajim)
Saudi Premium Residency Program hosts workshop in Riyadh
3 / 3
The workshop centered around the entrepreneur residency product (ERP) to enlighten attendees on this category's opportunities, requirements, and benefits. (AN Photo by Abdulrahman AlNajim)
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Updated 08 May 2024
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Saudi Premium Residency Program hosts workshop in Riyadh

Saudi Premium Residency Program hosts workshop in Riyadh
  • The workshop also included networking and discussions on funding opportunities as well as mentorship

RIYADH: Saudi Arabia’s residency program attracting top foreign talent and investors hosted a workshop in Riyadh on Wednesday.

The Premium Residency Program, launched in 2019, draws skilled professionals, talented individuals and investors to the Kingdom through five residency categories.

It targets expatriates who wish to gain premium residency in Saudi Arabia.

The categories, announced in January, include special talent, gifted, entrepreneur, investor and real estate residencies.

The “Introduction to Premium Residency Products” at The Garage in Riyadh focused on the entrepreneur category.

The residency includes two sub-categories for entrepreneurs and innovators who contribute to the development of multiple industries in Saudi Arabia.

Category one of the entrepreneur residency provides a five-year premium residency. Applicants must obtain an entrepreneurial license from the Saudi Ministry of Investment and a letter of recommendation from the investing party.

They are required to obtain a minimum SR400,000 ($106,000) investment from a recognized organization and hold at least a 20 percent share of the startup.

After the five-year term, the entrepreneur residency will be renewed if the eligibility criteria is still met.

Category two grants a permanent residency only if the entrepreneur creates a minimum of 10 jobs in the first year and 10 or more in the second year.

The individual must demonstrate a minimum investment of SR15 million and a 10 percent ownership stake in the business.

The advantages of the entrepreneur residency include the ability to nominate two people from the applicant’s work team — such as executives — to obtain exceptional competence residencies.

Among the general benefits are owning and using real estate, issuing visit visas for relatives, and exemption from the financial fees imposed on expatriates and their companions.

Beneficiaries will be able to use the lanes designated for citizens and citizens of the Gulf Cooperation Council countries at ports across the Kingdom.

The holder of the premium residency and their family members can leave and return to Saudi Arabia without requiring a re-entry visa. They can also work in private sector establishments.

Sarah Al-Hamad, who attended the workshop, told Arab News: “I truly believe that the Premium Residency Program will drive economic growth and cultural exchange in the Kingdom for years to come.”

The workshop also included networking and discussions on funding opportunities as well as mentorship.


Date announced for Modon Excellence Award winners reveal

Date announced for Modon Excellence Award winners reveal
Updated 20 December 2024
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Date announced for Modon Excellence Award winners reveal

Date announced for Modon Excellence Award winners reveal
  • The initiative reflects Modon’s ambitions of cultivating a world-class industrial environment

RIYADH: The Saudi Authority for Industrial Cities and Technology Zones, known as Modon, has announced the winners of the Modon Excellence Award will be revealed on Dec. 22.

The initiative, under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef, reflects Modon’s ambitions of cultivating a world-class industrial environment, embracing best practices in digital transformation, research and innovation, and promoting business sustainability.

It also aims to empower women in the workplace and enhance the leadership role of factories by adopting Fourth Industrial Revolution technologies and developing innovative products.

Deputy Minister of Industry and Mineral Resources for Human Capacity Development Faris Al-Saqabi said the Modon Excellence Award was designed to inspire positive competition among factories and individuals in the industrial sector.

He added innovation and collaboration were pivotal in driving societal progress and cultivating a sustainable, thriving industrial environment. The award highlights groundbreaking initiatives that reflect creativity and dedication while promoting innovation and raising industrial standards.

Mamdooh Al-Drees, Modon’s deputy CEO, said the award was launched to promote healthy competition within the industrial sector and encourage excellence among participants. He added it also sought to foster an environment that nurtured creativity and innovation, ultimately improving operational efficiency and boosting production.

Ultimately, it seeks to enhance the ecosystem of industrial cities and technology zones by promoting sustainable environmental practices in production, advancing adoption of cutting-edge industrial technologies, and encouraging improvements in product and service quality. It also aims to drive the integration of automation across diverse operations and processes.

The first edition of the award, launched under the theme “Makers of Excellence,” features three main categories: Individuals, with subcategories for Leadership Excellence and Promising Woman; Small Enterprises; and Medium and Large Industrial Enterprises.

These recognize excellence in several key areas including environmental sustainability, innovation and leadership in industry, digital transformation, social responsibility, and human capacity development.


Sri Lanka to build on, maintain relations with Saudi Arabia: envoy

Sri Lankan Ambassador Omar Lebbe Ameer Ajwad would like to to elevate bilateral relations with Saudi Arabia to new heights. (Ara
Sri Lankan Ambassador Omar Lebbe Ameer Ajwad would like to to elevate bilateral relations with Saudi Arabia to new heights. (Ara
Updated 20 December 2024
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Sri Lanka to build on, maintain relations with Saudi Arabia: envoy

Sri Lankan Ambassador Omar Lebbe Ameer Ajwad would like to to elevate bilateral relations with Saudi Arabia to new heights. (Ara
  • Sri Lanka, Saudi Arabia celebrate 50 years of diplomatic relations
  • Commemoration of anniversary will serve as a catalyst to further consolidate bilateral relations 
  • Two countries to issue a postage stamp, unveil a logo besides other cultural activities

RIYADH: Sri Lankan Ambassador in Riyadh Omar Lebbe Ameer Ajwad expressed his desire to elevate bilateral relations to new heights as Saudi Arabia and Sri Lanka celebrate 50 years of diplomatic ties.

In an exclusive interview with Arab News, Ajwad said: “Saudi Arabia and Sri Lanka are celebrating the 50th anniversary of the establishment of diplomatic relations.”

He added: “Sri Lanka and Saudi Arabia have a very long background of ties. According to the history books, it started in the seventh century … when Sri Lankan King Aggrabodhi III dispatched a delegation on a fact-finding mission to Saudi Arabia, on the request of the Arab people who were living in Sri Lanka at that time. The king sent an envoy to Madinah to learn about Islam from Prophet Muhammad.”

This ancient trade and people-to-people relationship between Saudi Arabia and Sri Lanka flourished over time. The two established formal diplomatic relations in 1974. The first Saudi ambassador to Sri Lanka was appointed in August 1977. The Sri Lanka mission was established in Jeddah in 1983. The Embassy of Sri Lanka was established in Jeddah with M.R.M Thassim as the first accredited ambassador, and shifted to Riyadh in 1985.

“We are celebrating this historic moment. It’s a milestone in our bilateral relations. We have decided on a logo to be unveiled soon to mark this occasion, both countries have agreed on that. We will soon launch it both in Saudi Arabia as well as Colombo. The logo will demonstrate the close bilateral relations,” said the ambassador.

“We will issue a postal stamp to mark the occasion. Both countries are now working on that to release a stamp to demonstrate the depth of relations,” Ajwad told Arab News.

“We also took some initiatives to mark the golden jubilee occasion such as the green initiative with the tree planting campaign in Riyadh in collaboration with the Saudi Ministry of Foreign Affairs and the Riyadh municipality — we have already planted trees in four parks with our community. It is aligned with the Saudi Green Initiative that aims to plant 10 billion trees,” he said.

“(We) also initiated planting campaign in the Sri Lankan Schools in Riyadh and Jeddah to mark the 50th anniversary,” he added.

“We initiated an Ambassadors Cup cricket tournament among our community to mark this occasion. We already had it in Jeddah, and now we have a final on Dec. 27 in Riyadh,” he said.

“We have also launched events to boost cultural cooperation between the two countries.”

Ajwad noted that Saudi Arabia under the visionary leadership of King Salman and Crown Prince Mohammed bin Salman has embarked on an ambitious Vision 2030 program.

“We witness Saudi Arabia’s fastest developments in all spheres,” he said, adding that Sri Lanka was one of the first countries which pledged support for Saudi Arabia hosting Expo 2030. He also said Sri Lanka is proud of the Kingdom winning the bid to host the FIFA World Cup in 2034.

“I believe the commemoration of the 50th anniversary of the diplomatic relations will serve as a catalyst to further consolidate our bilateral relations in all areas of mutual interest in the years ahead,” said Ajwad.

Following the commemorative year, “we are planning to initiate the first political consultation meeting between the foreign ministries of both countries, finalizing the roadmap for economic cooperation between the Ministry of Economy and Planning of Saudi Arabia and the relevant ministry in Sri Lanka, and activating the MoU on foreign investment signed this year between Sri Lanka and the Ministry of Investment of Saudi Arabia,” he added.

On diplomatic ties with Saudi Arabia, the ambassador said: “We are very closely working on all aspects.”

He added that the Saudi-Sri Lanka Joint Committee was established under the General Cooperation Agreement signed between the two countries in 2003.

The committee held its first session in 2023 in Riyadh. The Saudi delegation was led by Dr. Abdullah Nasser Abu Thnain, deputy minister of human resources and social development, while the Sri Lankan delegation was headed by Tharaka Balasuriya, former minister of state for foreign affairs.

“We have identified around 63 items for economic cooperation under the Joint Committee. We have also set up an economic roadmap under the framework of the Joint Committee,” said the ambassador.

“It’s a very promising roadmap. So we will build on the relations that we have already maintained, to elevate it to the new heights,” said Ajwad.

Saudi Arabia’s assistance to Sri Lanka is broad and diverse. The Kingdom has provided assistance to the tune of $455 million to implement over 15 development projects in education, irrigation, agriculture and road networks, including the establishment of Medical Faculty at the University of Sabaragamuwa, the development of the Wayamba University township and the Kurinchakerni Bridge project.

The Saudi aid agency KSrelief has also implemented 18 projects including shelter, food security, and humanitarian operations at a cost of more than $15 million.

Formation of a Parliamentary Friendship Committee between the two countries has further strengthened bilateral ties, said the envoy.

“We are also focused on the private sector interactions between the two countries,” he added.

Tourism is a very promising area for Sri Lanka. “We saw an increased number of Saudi tourists visiting Sri Lanka. Saudis are placed third in number of tourists visitng Sri Lanka,” said Ajwad, adding: “We are working closely on promoting tourism. It’s a promising area. We can work in the hospitality sector as well. There is a big interest.”


Saudi crown prince checks on health of Morocco’s king during phone call

Saudi crown prince checks on health of Morocco’s king during phone call
Updated 20 December 2024
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Saudi crown prince checks on health of Morocco’s king during phone call

Saudi crown prince checks on health of Morocco’s king during phone call
  • The king had successful surgery earlier in December

RIYADH: Crown Prince Mohammed bin Salman made a phone call on Friday to King Mohammed VI of Morocco to check on the king's health and wish him continued good health and wellbeing, the Saudi Press Agency reported.

King Mohammed thanked the crown prince for the call and kind wishes, SPA added.

The king had successful surgery earlier in December on his left shoulder after suffering a fall while working out, state media said.


Japan looks forward to strengthening relations with ‘major power’ Saudi Arabia as 70th anniversary nears

Japan looks forward to strengthening relations with ‘major power’ Saudi Arabia as 70th anniversary nears
Updated 20 December 2024
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Japan looks forward to strengthening relations with ‘major power’ Saudi Arabia as 70th anniversary nears

Japan looks forward to strengthening relations with ‘major power’ Saudi Arabia as 70th anniversary nears

DUBAI: Japan Foreign Minister Takeshi Iwaya told a press conference on Friday that Saudi Arabia is a “major power” in the Middle East and plays a significant role in peace and stability in the region.

“Saudi Arabia is an important country for Japan, especially when it comes to energy and security. The country is an important partner,” he said.

Responding to a question about next year’s 70th anniversary celebrations between the two countries, Iwaya explained that Japan, on a broader and deeper scope, wants to “promote cooperation and understanding” with Saudi Arabia.

Iwaya said that Japan was soliciting public proposals for commemorative events between the two countries. “Between the governments, we are moving forward with certain plans,” he added.

In October, a commemorative logo was released, which features a combination of a palm tree, a symbol of Saudi Arabia, and cherry blossoms, a flower synonymous with Japan.

The foreign minister also spoke about Japanese boxing champion Naoya Inoue’s sponsorship contract with Riyadh Season.

“(The contract) is something that we should be very happy about, we are proud of this super champion. So, we hope that he will be very active and successful in Saudi Arabia as well. We welcome this,” he told the press conference.

Inoue announced the sponsorship deal in November, which is reported to be worth about $20 million. The boxing champion will have the Riyadh Season logo displayed on the branding for his fights.

During the press conference, Iwaya also announced newly designed Japanese passports in 2025 as well as Prime Minister Ishiba Shigeru’s potential meeting with US president-elect Donald Trump.

This article originally appeared on Arab News Japan


Diriyah Season 24/25 launches celebration of history, culture and arts

Diriyah Season 24/25 launches celebration of history, culture and arts
Updated 20 December 2024
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Diriyah Season 24/25 launches celebration of history, culture and arts

Diriyah Season 24/25 launches celebration of history, culture and arts
  • Diriyah Season 24/25 will kick off with the Enduring Resilience Exhibition

RIYADH: The Diriyah Company has announced the launch of Diriyah Season 24/25, which begins on Friday, Dec. 20 with a display of Diriyah’s heritage, hospitality, and immersive cultural experiences through various programs.

Jerry Inzerillo, CEO of the Diriyah Company, said: “We anticipate welcoming three million visitors to At-Turaif district, the birthplace of the Kingdom, by Founding Day on Feb. 22, 2025.

“We are breaking records in visitor numbers and forming numerous partnerships for ground and tour operations, with new flights already arriving from countries like China. The international presence in Bujairi is evident every night, making it one of the world’s premier gathering spots.”

Under the theme “Entertain Your Cultural Curiosity,” Diriyah Season 24/25 will kick off with the Enduring Resilience Exhibition, honoring the legacy of Imam Turki bin Abdullah, who founded the Second Saudi State 200 years ago. The much-anticipated Layali Diriyah returns with innovative experiences, while Minzal invites visitors to appreciate the natural beauty and heritage of Diriyah in a winter wonderland.

Guests can engage with the “850” interactive experience, immersing themselves in the narratives of significant historical figures. The Diriyah Storytelling Festival will celebrate literature and promote cultural exchange. Additionally, the Tyn Festival will bring together architects, academics and enthusiasts to celebrate the region’s tradition of mud architecture.

In the historic At-Turaif district and Bujairi Terrace, visitors will embark on a journey filled with cultural and artistic expression. The Souq program combines performing arts with a heritage backdrop enriched by modern elements. Lastly, the Samri Art Activities will offer interactive performances of Samri folk music and dance at various locations in Diriyah throughout the season.