Thursday, April 9, 2026
26.9 C
Lagos

Saudi Arabia Bans Foreigners from Selling Mobile Phones

Saudi Arabia’s government has passed a decree banning foreign workers from selling and maintaining mobile phones and accessories for them.

It is also requiring that retail stores are at least 50% staffed by Saudi nationals within three months, and be entirely staffed by locals within six months.

The Ministry of Commerce and Industry said that the deadline to Saudise the telecom sector will come into effect on 2nd July.
Violators face up to two year in prison and will be deported.

The moves after reports that more than half of phone retailers in the country are owned by a Saudi national in name only, and are fronts for foreign investors.

It could also see around 20,000 Saudi’s offered jobs in the retail sector, and may be seen as the beginnings of a more aggressive move to create non-oil jobs for Saudi nationals.

spot_img
spot_img
spot_img

Hot this week

Mutual Benefits Highlights Power of Structured Financial Planning as Nigerians Struggle to Save

A growing number of Nigerians are struggling to build...

APC Chairman: Party is Nigeria’s Only Tested Vehicle for Stability, Progress, National Renewal

The National Chairman of the All Progressives Congress (APC),...

RHUCE Taps into Africa’s $3b Creator Economy with New Monetisation Platform 

RHUCE, a new social platform designed for African creatives,...

FG Tasks PenCom on N28tn Pension Assets at Board Inauguration

The Federal Government has inaugurated the Governing Board of...

Inspenonline Retirement Summit 2026: Experts to Brainstorm on Turning Dreams into Reality for Workers

How to turn dreams into reality through insurance; pension...

Topics

COVID-19: Time for Nigeria to Look Beyond Oil

  A development and governance expert, Dr Chiwuike Uba, has...

Red Star CEO Commends FG on Naira-Yuan Swap

Mr. Sule Bichi, Group Managing Director/CEO of Red Star,...

2023: What’s the Peace Accord for?

By Haniel Ukpaukure Many years of faltering in Nigeria’s electoral...

‘Only 1% of Nigerians Have Insurance Policy’

Mr. Tope Smart, Chairman, Nigerian Insurers Association (NIA) has...

Tanta Secure Unveils Corporate, Individual Plans to Smartphone Users

Tanta Secure Limited, an indigenous device protection and information...

AIICO Celebrates Outstanding Agency Field Force at 2025 Annual Awards Night

Left - Right: Mr. Adewale Kadri (Executive Director, Technical),...

Almond Insurance Industry Awards 2023: Nominations Now Open

Nominations for the 2023 Almond Insurance Industry Awards is...

Towards A Stronger Union Bank – Year 105 in Review

2022 was a remarkable year for Union Bank of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img