AFP, Riyadh :
New visa fees will not deter investment in Saudi Arabia, which is easing procedures for foreign business, the commerce minister said Thursday, countering concerns by foreign critics.
Majed al-Qasabi “confirms the charges for entry visas will not affect the flow of foreign investments to the kingdom, which seeks to attract quality investment,” a statement issued to AFP by his spokesman said.
Investors and business people could now get multiple entry visas for up to two years, allowing them “to repeatedly enter the kingdom as required by their interests”, the statement said.
The previous maximum validity was one year.
A visa consultant earlier told AFP the one or two-year visas cost 5,000 and 8,000 riyals ($1,333 and $2,133).
New visa fees will not deter investment in Saudi Arabia, which is easing procedures for foreign business, the commerce minister said Thursday, countering concerns by foreign critics.
Majed al-Qasabi “confirms the charges for entry visas will not affect the flow of foreign investments to the kingdom, which seeks to attract quality investment,” a statement issued to AFP by his spokesman said.
Investors and business people could now get multiple entry visas for up to two years, allowing them “to repeatedly enter the kingdom as required by their interests”, the statement said.
The previous maximum validity was one year.
A visa consultant earlier told AFP the one or two-year visas cost 5,000 and 8,000 riyals ($1,333 and $2,133).
