Comments on Saudi Arabia's Long-term Residency plan in Bloomberg, 15 May 2019

17 May, 2019
read < 1 minute
image_pdfimage_print

Dr. Nasser Saidi’s comments on Saudi Arabia’s long-term residency plan to expatriates appeared in the article “Saudi Arabia Says Landmark Residency Plan Will Bolster Economy” published on Bloomberg on 15th May 2019.
The full article can be accessed at: https://www.bloomberg.com/news/articles/2019-05-15/saudis-offer-permanent-residency-to-some-expats-in-landmark-move
Comment are posted below:
Saudi Arabia approved a program that offers permanent residency for some foreigners to attract investments, the latest sign of how the quest for non-oil revenue is prompting Gulf Arab countries to rethink the role of expats in their societies.
The system is a “step in the right direction” but not a “permanent solution,” said Nasser Saidi, president of Nasser Saidi & Associates and former chief economist at the Dubai International Financial Centre.
“If you really want to move forward and innovate, the whole sponsorship system needs to be abolished,” he said. “Only then you’ll have a truly dynamic economy and people would want to invest in the country instead of sending their money back home.”

Read Next

media page

Comments on the UAE agreement with Oman re special economic zone in The National, 28 May 2025

Dr. Nasser Saidi’s comments on the agreement between Dubai’s global ports operator DP World and

29 May, 2025

TV and radio

Interview with Al Arabiya on the EUR & CNY as potential alternatives to the dollar, 27 May 2025

In this TV interview with Al Arabiya aired on 27th May 2025, Dr. Nasser

28 May, 2025

media page

Dr. Nasser Saidi’s interview “Can Beirut’s New Reform Agenda Save the Pound?” on “You’re In Business” with Yousef Gamal El-Din, 13 May 2025

Dr. Nasser Saidi’s interview with Yousef Gamal El-Din titled “Can Beirut’s New Reform Agenda Save

15 May, 2025