Saturday, March 21, 2026
26.6 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

Quest Merchant Bank Named Transaction Advisor for Nigeria’s Landmark Project BRIDGE Digital Infrastructure Initiative

L-R:  Project Lead, PIU Project Bridge, Jumoke Akande; Honourable...

Women Entrepreneurs Laud Ecobank’s Enhanced Ellevate Initiative

Subuola Oyeleye, CEO, Beauty Hut Africa; Victoria Igun, Ellevate...

Guinea Insurance Holds Signing Ceremony for N5.8bn Rights Issue

Mrs. Chioma Okigbo (Non-Executive Director), Mr. Samuel Onukwue (Non-Executive Director), Mr....

Topics

Interswitch, Cisco Networking Academy to Equip 10 Tertiary Institutions in Nigeria

In line with its efforts to support Science, Technology...

NAICOM, NDPC to Partner on Data Protection

The Commissioner for Insurance/CEO NAICOM Mr. Olusegun Ayo Omosehin...

NCC Directs Telcos on Tariffs Transparency

The Nigerian Communications Commission (NCC) has issued a directive...

NCC: Telecom Subscribers Should Link NIN-SIM by Oct 31

The Nigerian Communications Commission (NCC) has reminded and urged...

NAICOM Chief, Sunday Thomas, Tasks Federal, State Govts on Insurance of Public Buildings

The Commissioner for Insurance and Chief Executive Officer of...

Mighty Media appoints Henry Oduah as Qed.ng Editor

The management of Mighty Media Plus Network Limited has...

Stanbic IBTC Capital Advises Tolaram on Mandatory Takeover Offer of Guinness Nigeria

Stanbic IBTC Capital, a leading investment banking and capital...

Boeing Projects Demand for 1.5m Pilots, Technicians Next 20 Years

Boeing released its 2016 Pilot and Technician Outlook and...
spot_img

Related Articles

Popular Categories

spot_imgspot_img