Saudi Arabia has added Pakistan in the list of countries with reduced visit visa fee. Single Entry 90-day visit visa fee is reduced drastically from SAR 2,000 = US$533 to SAR 338 = US$90 only and the fee for multiple entries visa 180, 365 and 730 days is cut down to SAR=675 = US$180.
According to the resources, GCC and global oil services and equipment providers are going to benefit from the Middle Eastern oil and gas production this year. There have been several deals during this summer which has seen a boost in the investment in this field.
Bahrain’s Crown Prince has given instructions to prepare draft legislation which will allow the foreign investors to have a self-sponsored residency permit for 10 years. It is vital for the country to advance in the tourism, ICT, manufacturing, and financial services, oil & gas sectors. With the advancement in these sectors, the foreign investors will be more attracted, and it will also increase employment opportunities in Bahrain.
Investors and specialists such as doctors and engineers will receive UAE residency visas valid for up to 10 years. Global investors can have 100 per cent ownership of their companies in the country.
Saudi Arabia has reduced visit visa fee for selected countries including Russia, India, Canada, Australia, South Africa, Malaysia, Brazil, Indonesia, Singapore, Ukraine, Mexico, Argentina, Mauritius, Kyrgyzstan, Cyprus, Ireland, Albania, Croatia, Romania, Bulgaria, Turkey etc.