A flag of the Kingdom of Saudi Arabia flies during sunset near the corniche promenade in Dhahran, Saudi Arabia. (Photographer: Simon Dawson/Bloomberg)

Saudi Arabia Charges Foreigners $213,000 for Permanent Residency

(Bloomberg) -- Saudi Arabia has opened applications for a permanent residency program designed to attract foreign investment to the kingdom, but it will cost a hefty 800,000 riyals ($213,000).

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