19.554 Billion RMB Project Is Only the Beginning｜Saudi Premium Residency Program Heats Up

At the end of October, China Energy Engineering Corporation (CEEC) and Power Construction Corporation of China (PowerChina) officially signed a renewable-energy contract in Saudi Arabia worth RMB 19.554 billion (≈ USD 2.7 billion).

The project covers both wind and solar installations with a total capacity exceeding 5 GW, jointly developed by the Saudi Public Investment Fund (PIF) and ACWA Power to supply the national grid for years to come. This announcement has sparked strong resonance in investment circles — Chinese companies are entering the core of Saudi Arabia’s economic transformation with unprecedented depth. Beyond corporate expansion, however, a broader trend is emerging: global capital and high-net-worth individuals are refocusing on the Middle East.

Saudi Arabia is evolving from an “oil empire” into a global asset safe haven.

1. A New Policy Signal: Premium Residency = The Key to Control Your Future

Under Vision 2030, Saudi Arabia has entered a critical decade of diversification — opening to foreign investment, reforming its tax system, and strengthening investor protection.

At the heart of these reforms lies the Premium Residency Program — a system that allows foreign investors, entrepreneurs, and high-skilled professionals to live and operate independently in Saudi Arabia without a local sponsor.

Premium Residency holders enjoy:

✅ No need for a Saudi sponsor

✅ 100% foreign ownership of a company

✅ Freedom to purchase real estate and bring family members under residency

✅ Full legal status to reside, operate businesses, pay taxes, and plan global assets

This is not just a residency status — it’s a systemic license for independent enterprise.

According to Saudi Gazette, by July 2025 the program had received over 40,000 applications — a clear sign of capital, technology, and talent pouring into Saudi Arabia.

Source: Over 40,000 apply for Saudi Premium Residency in 18 months as benefits attract investors | Saudi Gazette

From investors to skilled professionals, an increasing number of people are using Saudi Premium Residency as a gateway into the heart of the Middle East’s economic transformation — a new starting point in the global residency landscape.

2. Why Now?

1️⃣ The New Value of Residency in a Restructured Global Economy

● In an era of shifting economic and residency systems, Saudi Arabia stands out for its open and stable regulatory framework, attracting global entrepreneurs and HNWIs.

● Premium Residency holders can settle, invest, and operate long-term in Saudi Arabia within a business-friendly, globally connected environment.

● For business owners and top-tier professionals, it serves as a strategic entry ticket to the Middle East’s emerging markets.

2️⃣ A Dual Advantage of Wealth Security and Policy Stability

● Saudi Arabia is one of the region’s most economically stable countries, backed by a powerful sovereign fund and vast foreign reserves.

● Transparent policies, clear property rights, and strong legal protections under the Investment Protection Law.

● Premium Residency holders enjoy long-term security for investing, living, and running enterprises.

3️⃣ China’s Corporate Access Pass to the Gulf

● 100% foreign ownership now permitted across key sectors — technology, energy, trade, manufacturing, and services.

● Residency approval enables direct company registration and local hiring.

● The shift from “participating partner” to “independent operator” marks a real integration into the Middle East core economy.

3. Globevisa Immigration Consultancy Insight: Triple Value for High-Net-Worth Investors

As global wealth redistributes, Saudi residency is becoming a new geoeconomic identity. For investors, professionals, and international families alike, it offers a stable and open gateway to the region’s fastest-growing market.

4. Program Highlights

Processing time: ≈ 3–5 months

Saudi Arabia is rapidly becoming the next golden destination for global high-net-worth individuals. When national projects are measured in hundreds of billions, personal opportunity windows often last only a few years. As Western pathways tighten and Asian channels grow crowded, Saudi Arabia — with its open institutions and robust economic momentum — offers a clear ten-year growth cycle for global investors.

🌟 To hold residency is to hold control.

🌟 Invest now — the next decade is your asset dividend cycle.