Saudi Press: Saudi Premium Residency, an Important Economic Step

Wednesday 1441/3/16 - 2019/11/13
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Riyadh, Nov. 13, 2019, SPA -- Saudi newspapers highlighted in their editorials today a number of issues at local, regional and international arenas.
Al-Riyadh newspaper said in its editorial that the Saudi Premium Residency project "Saprc" is a very important economic step that aims to put an end to commercial covering-up (harbouring), and pushes the wheel of the economy and commercial activity for expanding and transparency, and contributes to reduce the phenomenon of the underground economy. The paper added that the project addresses the problem of illegal remitting of money abroad, and it attracts residents who have financial potential and motivates them to invest in the country under certain conditions for achieving their stability and profits, while strengthening the national economy in line with the goals of the Kingdom's Vision 2030.
Al-Yaum newspaper said in its editorial that the welcoming made by Saudi Cabinet in its ordinary session held yesterday under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, to the Riyadh agreement between the Yemeni government and the transitional council has affirmed the Kingdom of Saudi Arabia's firm stance towards Yemen which comprises its unremitting support for Yemeni legitimacy in order to achieve security and stability of Yemen and return it to its Arab fold. The paper added that the Kingdom is always keen to support Yemen's interests along with achieving the aspirations of its people.
--SPA
09:00 LOCAL TIME 06:00 GMT
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