A memorandum of understanding (MoU) was recently signed between the UK and Saudi Arabia to make the UK only the second country, behind the US, eligible for 5-year multi-entry business visit visas.
Well the word is out – the first 5-year visas for UK nationals have started to be issued. Arabian Enterprise Incubators received news of the first eligible applicant last week and has now confirmed that these new 5-year visas have successfully been issued this week.
This is great news for the UK and will have an immediate impact on the ease of doing business between the UK and Saudi Arabia. Long term face to face relationship building is one of the secrets to success in Saudi Arabia.
Up until now, UK citizens had only been entitled to multi-entry visas valid for a time period of between 90 days and two years.
This news comes off the back of a separate announcement that Saudi Arabia will be implementing a new electronic visa system, called Sharek, which will allow tourists to visit the country temporarily to attend conferences, exhibitions and events such as the Formula E Ad Diriyah E-Prix taking place in Riyadh in December.
These announcements are a continuation of the Vision 2030 plan that is opening the Kingdom to tourism and investment and diversifying the economy away from its dependence on oil, while ultimately creating a more business-friendly environment for British companies to make the most of the vast opportunities in the marketplace.
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