Saturday, August 9, 2025
22.8 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

Hot this week

UBA Group Chair, Tony Elumelu, Seeks Critical Measures to Drive Africa’s Development

L-R: President, Central African Republic, Faustin-Archange Touadéra and Group...

148 Nigerians Win ₦23m in Stanbic IBTC’s Reward4Saving Season 4 Promo

Stanbic IBTC Bank has successfully enhanced the financial well-being...

NCC Hosts National Broadband Mapping System in Abuja

L-R: Project Manager, Africa-BroadBand (BB) Maps, International Telecommunication Union (ITU),...

Sterling Bank Names First Beneficiaries of ₦2B ‘Beyond Education’ Fund

Sterling Bank, Nigeria’s leading financial institution, has announced the...

Former CFI of NAICOM, Sunday Thomas, to Chair NAIPE 2025 Conference

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Topics

Quickteller: The Art of Endless Possibilities!

(L-R) Emeka Awagu, Head, Digital Commerce, Quickteller; Adedeji Layade,...

Old Mutual Nigeria Celebrates Parent Company’s 178 Years of Financial Service Heritage

Samuel Ogbu West Africa Chief Executive Officer Old Mutual Old Mutual...

Africa CEO Forum Launches Online Campaign

The Africa CEO Forum launched a Q&A Campaign#AskDelphine this...

Stanbic IBTC Set to Host 2022 Africa-China Trade Expo

Stanbic IBTC Holdings Plc, a member of Standard Bank...

Fidelity Bank Eyes Oversubscription to N127.1 bn Combined Offers

Against the background of groundswell of supports and enthusiasm...

Islamic Corp Partner China-Africa Fund to Boost Investment in Africa

At the side lines of the landmark China-OIC Forum...

Transcorp Hotels Calabar Promises Guests Peace of Mind with Heirs Life’s Term Assure Plan  

Niyi Onifade Managing Director/CEO Heirs Life Assurance Transcorp Hotels Calabar has collaborated...
spot_img

Related Articles

Popular Categories

spot_imgspot_img