In a significant move to boost foreign investment and attract global talent, Saudi Arabia has expanded its investor e-visa program to citizens of all countries. This decision marks a major step forward in the Kingdom's efforts to enhance its business-friendly environment and position itself as a regional hub for innovation and entrepreneurship.

Previously, the investor e-visa was only available to nationals of 49 countries. The expansion to include all nationalities reflects Saudi Arabia's commitment to creating an open and welcoming environment for foreign investors.

The investor e-visa allows foreign nationals to apply for a visa online and obtain approval within a matter of days. This streamlined process eliminates the need for time-consuming and bureaucratic procedures, making it easier for investors to establish businesses and invest in Saudi Arabia.

The Kingdom has implemented a series of reforms in recent years to improve its investment climate. These reforms include simplifying business registration procedures, reducing taxes, and enhancing intellectual property protection.

As a result of these efforts, Saudi Arabia has climbed the ranks of the World Bank's Ease of Doing Business index, moving from 107th place in 2015 to 53rd place in 2023.

The expansion of the investor e-visa program is expected to further stimulate foreign investment in Saudi Arabia. The Kingdom is targeting investments in a variety of sectors, including technology, healthcare, tourism, and manufacturing.

The decision to open up the investor e-visa to all countries is a clear indication of Saudi Arabia's ambition to become a global leader in investment and innovation. The Kingdom is poised to attract a new wave of foreign investors who will contribute to its economic diversification and growth.