The second phase of issuing electronic business visit visas titled Visiting Investor was launched

The Ministry of Foreign Affairs (MOFA) and the Ministry of Investment have partnered to start the second phase of computerised business visit visa issuance, known as "Visiting Investor." The other nations not on the previous list will be covered by the business visit visa's second phase.

In line with Saudi Vision 2030, the Ministry of Investment (MISA) and MOFA announced a new initiative in Saudi Arabia through the introduction of the "Visiting Investor" visa, which aims to enable foreign investors to initiate projects, facilitate investments, and expand trade opportunities. The ministry and MOFA made this announcement in a statement on their X account.

In addition to achieving Saudi Vision 2030's objectives, which include making Saudi Arabia a competitive and leading investment destination, this step intends to make it easier for investors to learn about investment possibilities in Saudi Arabia.

In June of this year, MISA and MOFA launched the first stage of the business visit visa as part of Saudi Arabia's ongoing efforts to increase international investment in the nation. With the help of this visa, overseas investors will be able to explore the Kingdom's thriving investment scene more easily, giving businesspeople a better understanding of the country's investment climate.