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
spot_img

Hot this week

WorldStage to Present Nigeria’s Economic Report Q1 2026 at Business Forum

World Stage Limited (WorldStage), a Nigerian-based research and technology-driven global focused firm...

NAICOM Chief, Segun Omosehin, Attends Africa Re AGM in Abuja

L-R: The Honourable Minister of Finance and Co-ordinating Minister...

Stanbic IBTC Pension Managers Champions Flexible Pension Solutions to Deepen Inclusion

Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC...

Train 7 Hits 90% Completion, Generates 16,000 Jobs as NCDMB, NLNG Advance Local Content

The leadership of the Nigerian Content Development and Monitoring...

Topics

Unity Bank Introduces USSD in Nigerian Languages

Unity Bank Plc has launched an Unstructured Supplementary Service...

‘AfrexInsure Will Support Intra-African Trade, Retain Premium in Africa’

The African Export-Import Bank (Afreximbank) has launched its wholly...

Stanbic IBTC Bank Completes 1st Inbound Commercial Transaction on PAPSS

  Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

Union Bank Upgrades to PCIDSS v4.0 Certification

Union Bank, one of Nigeria’s most noteworthy and trusted...

Media is Key Partner in Growth of Capital Market in Nigeria

Welcome Address by the Chairman of 2024 CAMCAN Workshop,...

Broadband Commission: National Digital Health Strategy Critical

The Broadband Commission for Sustainable Development's Working Group on...

SEC DG: Digital Assets Fraud Threatens Market Integrity

The Director General of the Securities and Exchange Commission...

Capital Market to Propel Economic Growth, Collaboration, Innovation in Nigeria

  The Capital Market Committee (CMC) convened its third...
spot_img

Related Articles

Popular Categories

spot_imgspot_img