The planned Saudi Green Card scheme has reportedly reached its final stages, according to Akhbar 24.
The green card status will entitle residents to various benefits, which have so far been restricted to Saudi citizens, in return for an annual fee of SR14,200.
Once implemented, the new system will ensure expatriates, who meet the conditions, get permanent residence and enable them to own real estate.
A holder of the green card will also be allowed to run his own business, receive a monthly pension, have access to government-funded health and educational services, in addition to the right to change jobs.
According to well-informed sources, the green card status will enable the beneficiary to obtain visas for immediate family members, two visas for domestic workers and win extra points to get Saudi nationality, in addition to other privileges.