Saudi Shura Council approves 'green-card' residency scheme for expats

Saudi Arabia's Shura Council, a quasi-parliament, has approved a plan for introducing a Green Card-style residence system for foreigners aimed at attracting investors, Saudi media reported. The new ‘privileged' iqama (residency permit) law will seek to provide "highly-skilled" and "qualified" foreigners residency without the need for a Saudi sponsor. Under…