Investment Migration Provides Gateway to World’s Best Schools and Universities

LONDON, Sept. 27, 2022 (GLOBE NEWSWIRE) — Henley & Partners has seen a significant increase in enquiries from affluent families looking to access premium international education opportunities for their children via investment migration. The surge in demand and competition for places at Ivy League, Oxbridge, and other leading universities post-Covid has heightened interest in investment programs that offer a pathway to residence rights or citizenship acquisition in the UK, the US, Canada, Australia, New Zealand, Singapore, and several European countries that are home to the world’s leading educational institutions.

Over 70% of the Top 1,000 tertiary institutions ranked in the recent Times Higher Education World University Ranking are in countries that host investment migration programs, with 18% in the US and 10% in the UK. Dr. Juerg Steffen, CEO of Henley & Partners, says securing the best possible education for their children has become a key motivation for investors considering residence and citizenship by investment program options. “Our children are our most precious assets and providing them with the best international schooling and university options is the greatest gift we can give to them and one of the best investments we can make as parents. We predict 2023 is likely to see the largest millionaire migration flows on record with over 125,000 affluent investors and their families on the move. Our new Henley & Partners Education division is designed to provide clients with all the support and assistance they need to access the best educational institutions in their new country.”

Securing greater access rights

Recent research shows that attending an Ivy League university can boost mid-career earnings by as much as 28.7% and that your child is three or four times more likely to gain admission to the world’s leading schools and universities if they are a resident or citizen of the county.

John Milne, Group Head of Education Services at Henley & Partners, says the firm has engaged a network of specialist consultants in the UK, North America, Australia, and Europe who can offer local expert and impartial advice to global clients. “Our new team provides school placement and bespoke concierge services such as assistance with obtaining student visas, language lessons, tutoring, entrance exams and childcare. It also offers a unique online evaluation of academic skills for children aged between six and sixteen — the Henley Academic Profiling Assessment — to provide a snapshot of a child’s academic skills. The results can be used to demonstrate their performance to future schools as well as to monitor their academic progress and identify possible areas for improvement.”

Education investment options for high-net-worth families

For those who wish to acquire permanent resident (‘green card’) status in the US, the EB-5 Immigrant Investor Program is the most efficient pathway, requiring an investment of USD 800,000. For entrepreneurs with the UK in their sights, the Tier 1 Innovator visa is aimed at those who can demonstrate relevant experience in business and have at least GBP 50,000 in investment funds. If Canada appeals, the Start-Up Visa Program provides permanent residence to entrepreneurs and active investors in companies and expanding businesses that seek to establish a presence in the country.

Australia currently offers four visa streams under its Business Innovation and Investment Program, while its Global Talent Independent Program provides a fast track pathway to permanent residence for highly skilled executives, businesspeople, entrepreneurs, and professionals. Investors can also secure residence in New Zealand as well as Singapore through its Global Investor Program.

Group Head of Private Clients at Henley & Partners, Dominic Volek, says the European golden visa programs such as those offered by Greece, Italy, Portugal, and Spain, are also extremely attractive for investors looking to secure premium education and employment opportunities for their children across the EU. “The Portugal Golden Residence Permit Program is our most popular residence program as it provides the quickest, most defined, and now proven pathway to citizenship, subject to the eligibility criteria of course. As a citizen of the EU, your child will have access to education at any of the EU countries’ universities on the same basis as a domestic student. Malta is also an attractive option as its regulations provide for a residence path that may lead to the granting of Maltese citizenship through exceptional services by direct investment.”

Notes to Editors

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 35 offices worldwide.

The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

The firm also runs a leading government advisory practice that has raised more than USD 10 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

Media Contact

For further information, please contact:

Sarah Nicklin

Group Head of Public Relations

sarah.nicklin@henleyglobal.com

Mobile: +27 72 464 8965

First Phase of Project to Provide Drinking Water with Solar Energy in Three Yemeni Governorates Inaugurated through Trilateral Cooperation of SDRPY, AGFUND, Selah

Hadramout– The first phase of a project to provide drinking water with solar energy was inaugurated in 12 districts of Hadramout, Yemen, which is implemented through a trilateral contribution of Saudi Development and Reconstruction Program for Yemen (SDRPY), Arab Gulf Program for Development (AGFUND) and Selah Foundation for Development. The project covers three Yemeni governorates of Hadramout, Abyan and Lahij as part of the renewable energy project to improve the quality of life in Yemen in five governorates: Hadramout, Abyan, Lahij, Taiz and Al-Hudaidah, and is expected to benefit more than 62,000 Yemenis.

The scheme of providing drinking water with solar energy will contribute to realizing a qualitative leap in increasing the operational capacity of drinking water systems, in a bid to developing the quality of life in these governorates, in addition to meeting the daily needs of beneficiaries from freshwater, realizing food security and enhancing countryside resilience.

The project also includes rehabilitating wells through implementing 12 drinking water systems with renewable energy, providing 35 agricultural irrigation systems with renewable energy, and providing energy for 20 educational and health facilities and providing 133 houses with renewable energy systems.

Source: Saudi Press Agency

Chairman of Saudi-Algerian Parliamentary Friendship Committee of Shura Council Discusses Joint Cooperation with Algerian Ambassador

Riyadh– Chairman of the Saudi-Algerian Parliamentary Friendship Committee and member of the Shura Council Assaf bin Salem Abu Thuneen received here today Ambassador of the People’s Democratic Republic of Algeria to the Kingdom of Saudi Arabia Dr. Mohammed bin Ali Boghazi.

During the meeting, they reviewed the bilateral relations of common interest, which are aimed at strengthening relations between the two countries, especially with regard to parliamentary relations between the Shura Council and the Algerian Parliament.

Abu Thuneen stressed the importance of strengthening the parliamentary relations by activating the roles of parliamentary friendship committees through the meetings and the exchange of bilateral visits.

Source: Saudi Press Agency

SFD Signs a $63 Million Agreement to Finance a Development Project in Senegal

Senegal– In the presence of the President of the Republic of Senegal, Macky Sall, and the Saudi Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih; the CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed a development loan agreement with the Minister of Economy, Planning and Cooperation of Senegal, Olimata Sarr, to finance the Dakar-St. Louis coastal road project, Part One, Dakar-Tivawan, with a value of $63 million, presented by SFD.

The signing took place at the presidential palace in the Senegalese capital, Dakar; during an official visit of the Kingdom’s delegation, headed by the Minister of Investment Eng. Khalid Al-Fakih, to the Republic of Senegal.

This agreement aims to build a highway with two lanes, a width of 25.6 meters and length of 12 km. This road project will include overhead intersections, rainwater drainage, road lighting and safety tools. At the same time, the project will help reduce the traffic accidents, meet the cities and villages’ needs, support the mutual trade with neighboring countries and enhance the economic and social growth in Senegal.

Senegal’s Minister of Economy, Planning and Cooperation Oulimata Sarr stressed the importance of the Saudi role, represented by SFD, in supporting development projects and programs in the transport and communications sectors in Senegal. The new road project will link cities and villages together and serve many residents in the country by improving their social and economic conditions.

CEO of SFD Sultan bin Abdulrahman Al-Marshad clarified that this project will have a positive impact on the everyday life, will support the basic services in the infrastructure sector and will help improve the social and economic conditions of the Senegalese people.

Since 1978, SFD provided 27 loans to finance 25 projects and programs, estimated at USD 447 million. SFD has successfully managed 4 grants, estimated at more than USD 19 million, provided by the Kingdom’s government to support several fields in Senegal, such as the transportation, communications, infrastructure, health, housing, urban development, energy, education, water, and sanitation sectors. The Kingdom’s support provided to Senegal will achieve its growth, prosperity, and sustainable development goals.

Source: Saudi Press Agency

Prime Minister of Republic of Kazakhstan Receives Minister of Hajj and Umrah in Astana

Makkah– Prime Minister of the Republic of Kazakhstan Alikhan Smailov received in Astana today Minister of Hajj and Umrah Dr. Tawfiq bin Fawzan Al-Rabiah, at the conclusion of his two-day visit to Kazakhstan.

During the meeting, they discussed ways to enhance joint cooperation between the two sides in several fields, as well as the prospects for developing distinguished relations between the two countries, especially with regard to serving pilgrims and Umrah performers.

The Minister of Hajj and Umrah conveyed the greetings of the wise leadership to the President, government and people of the Republic of Kazakhstan, and their wishes for continued progress and prosperity.

He said that this visit comes as part of the continuous support from the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Royal Highness the Crown Prince, and their great efforts to serve Islam and Muslims.

Dr. Al-Rabiah stressed the depth and strength of the historical relations between the two countries, within the framework of the strategic partnership between them at all levels and in various fields, noting that the bilateral relations between the two sides are witnessing continuous development and achieving positive and fruitful results with the support and follow-up of the government of the Kingdom of Saudi Arabia and the leadership of the Republic of Kazakhstan.

Source: Saudi Press Agency

Saudi Exports Participates in Big 5 Construct Nigeria

Riyadh– The Saudi Export Development Authority (Saudi Exports) is participating in the Big 5 Construct Nigeria, which is being held between September 27 and 29 in Lagos under the identity “Made in Saudi” to review the latest technologies and innovations as well as sustainable solutions, hold strategic partnerships, develop relations with existing clients, gain new clients, provide more business opportunities and hold new agreements and deals.
The exhibition is a major platform to promote the products of the construction sector in the Kingdom of Saudi Arabia, highlight their competitive quality, enhance communication, cooperation and the exchange of expertise in the field.
This participation provides 15 participating national companies an opportunity to enjoy presence in this international event to contribute to highlighting the care and interest received by the commercial, industrial and investment sector in the Kingdom of Saudi Arabia and their support, empowerment, progress and development.

Source: Saudi Press Agency

SABIC Participates in GPCA Research and Innovation Conference in Dubai

Dubai– Saudi Basic Industries Corporation (SABIC) has participated in the Gulf Petrochemicals and Chemicals Association (GPCA) Research and Innovation Conference, which was held in Dubai between September 26 and 27, where SABIC shed light on its efficiencies and capabilities in the field of technology and innovation, through which it seeks to develop better products, improve manufacturing processes and contribute to building a sustainable environment.
The conference, held under the theme “Catalyzing A Sustainable Future with R&I” has formed an opportunity to learn and discuss the best strategies for innovation governance and its effective administration, which helps find a new value to enhance moving forward towards a sustainable future.

Source: Saudi Press Agency

Attorney General Meets with Prosecutor General of Georgia and President of Eurojust

Tbilisi– Attorney General Sheikh Saud bin Abdullah Al-Mujib has met here with Prosecutor General of Georgia Irakli Shotadze, on the sidelines of the International Association of Prosecutors Conference, which is being held in Tbilisi, the capital of the Republic of Georgia.

During the meeting, they reviewed a number of issues of common interest, and discussed ways to enhance the cooperation between the two countries in the parliamentary and justice fields.

Al-Mujib has also met with President of Eurojust Ladislav Hamran.

During the meeting, they discussed a number of issues of common interest, and ways to enhance the relations in all fields.

Source: Saudi Press Agency

Education Minister Meets with Saudi Ambassador to USA

Washington– Minister of Education Dr. Hamad bin Mohammed Al Al-Sheikh met today with Ambassador of the Custodian of the Two Holy Mosques to the United States, Princess Reema bint Bandar bin Sultan, as part of the program of the Minister’s visit to the United States.

During the meeting, they discuss ways to enhance the existing cooperation between the Kingdom of Saudi Arabia and the United States in the educational and scientific fields, as well as aspects of cooperation in the field of scholarships. This is due to the fact that the United States is among the targeted countries according to the new strategy of the Custodian of the Two Holy Mosques Scholarship Program launched by His Royal Highness the Crown Prince and Chairman of the Human Capability Development Program Committee.

The two parties have explored ways to coordinate and improve the work between the Ministry and the Embassy in the fields of education and scientific research, in accordance with the significance and status of the Kingdom in all fields, in order to contribute to the achievement of the objectives of the Kingdom’s Vision 2030.

Dr. Al Al-Sheikh has discussed with Princess Reema ways to support scholarship students and self-funded students in the United States, and the most prominent challenges and issues they face. They also review the Ministry’s, the Embassy’s, and the Cultural Mission’s collaborative and participatory role in assisting scholarship students to achieve their highest level of academic excellence and success through diligence and excellence.

The meeting’s agenda includes a review of the scholarship file offered by the Kingdom’s government to students from the United States to study in the Saudi universities. Moreover, they talked about ways for presenting educational investment opportunities in the Kingdom to the educational, academic and research community in the United States.

Source: Saudi Press Agency

Three Royal Orders Issued

Jeddah– The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud issued today three royal orders as follows:

First:

1- His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, shall be the Prime Minister; as an exception to the provision of Article (56) of the Basic Law of Governance, and the relevant provisions contained in the Law of the Cabinet.

2- The Cabinet sessions that I attend shall be chaired by me.

Second: Reforming the Cabinet as follows:

1- His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, as the Prime Minister.

2- Prince Dr. Mansour bin Miteb bin Abdulaziz Al Saud, as the Minister of State.

3- Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, as the Minister of Energy.

4- Prince Turki bin Mohammed bin Fahd bin Abdulaziz Al Saud, as the Minister of State.

5- Prince Abdulaziz bin Turki bin Faisal bin Abdulaziz Al Saud, as the Minister of Sport.

6- Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, as the Minister of Interior.

7- Prince Abdullah bin Bandar bin Abdulaziz Al Saud, as the Minister of the National Guard.

8- Prince Khalid bin Salman bin Abdulaziz Al Saud, as the Minister of Defense.

9- Prince Faisal bin Farhan bin Abdullah bin Faisal bin Farhan Al Saud, as the Minister of Foreign Affairs.

10- Prince Badr bin Abdullah bin Mohammed bin Farhan Al Saud, as the Minister of Culture.

11- Sheikh Saleh bin Abdulaziz bin Mohammed bin Ibrahim Al Al-Sheikh, as the Minister of State.

12- Dr. Abdullatif bin Abdulaziz bin Abdulrahman Al Al-Sheikh, as the Minister of Islamic Affairs, Call and Guidance.

13- Dr. Walid bin Mohammed Al-Samaani, as the Minister of Justice.

14- Dr. Mutlab bin Abdullah Al-Nafisah, as the Minister of State.

15- Dr. Musaed bin Mohammed Al-Aiban, as the Minister of State.

16- Dr. Ibrahim bin Abdulaziz Al-Assaf, as the Minister of State.

17- Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, as the Minister of Hajj and Umrah.

18- Dr. Essam bin Saad bin Saeed, as the Minister of State for Shura Council Affairs.

19- Dr. Majid bin Abdullah Al-Qasabi, as the Minister of Commerce and Acting Minister of Media.

20- Mohammed bin Abdulmalik Al Al-Sheikh, as the Minister of State.

21- Eng. Abdulrahman bin Abdulmohsen Al-Fadhli, as the Minister of Environment, Water and Agriculture.

22- Khalid bin Abdulrahman Al-Issa, as the Minister of State.

23- Adel bin Ahmed Al-Jubeir, as the Minister of State for Foreign Affairs.

24- Majed bin Abdullah bin Hamad Al-Hogail, as the Minister of Municipal and Rural Affairs and Housing.

25- Mohammed bin Abdullah bin Abdulaziz Al-Jadaan, as the Minister of Finance.

26- Eng. Abdullah bin Amer Al-Sawaha, as the Minister of Communications and Information Technology.

27- Eng. Ahmed bin Suleiman bin Abdulaziz Al-Rajhi, as the Minister of Human Resources and Social Development.

28- Dr. Hamad bin Mohammed bin Hamad Al Al-Sheikh, as the Minister of State.

29- Bandar bin Ibrahim bin Abdullah Al-Khorayef, as the Minister of Industry and Mineral Resources.

30- Eng. Saleh bin Nasser bin Al-Ali Al-Jasser, as the Minister of Transport and Logistics Services.

31- Ahmed bin Aqeel Al-Khateeb, as the Minister of Tourism.

32- Eng. Khalid bin Abdulaziz Al-Falih, as the Minister of Investment.

33- Faisal bin Fadhel bin Mohsen Al-Ibrahim, as the Minister of Economy and Planning.

34- Fahd bin Abdulrahman bin Dahes Al-Jalajel, as the Minister of Health.

35- Yousef bin Abdullah bin Mohammed Al-Benyan, as the Minister of Education.

Third: Appointing Talal bin Abdullah bin Turki Al-Otaibi as Assistant Minister of Defense at the excellent rank.

Source: Saudi Press Agency

Saudi-British Cooperation to Build Joint Digital Platform for Digital Entrepreneurs

Riyadh– The Ministry of Communications and Information Technology has signed a memorandum of understanding (MoU) with the Saudi British Joint Business Council (SBJBC) to cooperate in building a joint digital platform “Saudi UK TechHub”, to connect entrepreneurs from both countries with potential supporting companies and institutions in each country.

Under this MoU, signed by Undersecretary of the Ministry of Communications and Information Technology for Technology Ibrahim Al-Nasser and SBJBC CEO Chris Innes-Hopkins, the two sides will cooperate in forming a board of directors comprising workers in the public and private sectors from the Kingdom of Saudi Arabia and the UK, while SBJBC will be responsible for its financial issues and offering support to realize envisioned goals.

The digital platform aims at connecting, enhancing and supporting technological systems in the two countries, where both sides agreed to work jointly through the Saudi UK TechHub to enable transferring knowledge, enhancing investment and building up relations before enhancing the status of the two kingdoms as regional centers for development and innovation.

Source: Saudi Press Agency

Minister of Communications Meets with his Counterparts in a Number of Countries to Discuss Growth of Digital Economy

Riyadh– Minister of Communications and Information Technology and Chairman of the Board of Directors of the Communications and Information Technology Commission Eng. Abdullah Al-Sawaha held a number of bilateral meetings with his counterparts in Egypt, Tunisia, Pakistan, India, Spain, the United States of America and Australia. He also met with officials of international organizations, in the presence of Governor of Communications and Information Technology Commission (CITC) Dr. Mohammed bin Saud Al-Tamimi.

This came on the sidelines of the ITU Plenipotentiary Conference, held in Romania.

During the meetings, they discussed enhancing cooperation and partnership in the field of technology and communications. They also discussed issues of common interest and ways to enhance the fields of technology, research and innovation in emerging technologies and communications, and harnessing digital technologies for sustainable social and economic development.

Source: Saudi Press Agency