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
spot_img

Hot this week

LCCI: Nigeria Must Adopt Reforms to Unlock Fintech Potential, Lead Digital Financial Hub in Africa

L-R: Prince Cookey, Publisher/Editor-in-Chief, Business Journal Media Group; Mr....

SEC DG: Capital Market Has Capacity to Fund Abuja Infrastructure Projects

Dr. Emomotimi Agama Director-General Securities and Exchange Commission (SEC) The Director-General of...

Mutual Benefits: Shareholders Back Strategic Growth Direction at 30th AGM

Historic 30th AGM: L-R: Managing Director/CEO, Mutual Benefits Life...

NGX, Brazilian Business Delegation Explore Areas of Collaboration, Partnership

WELCOME REMARKS BY ALHAJI (DR.) UMARU KWAIRANGA GROUP CHAIRMAN,...

Leadway’s Post-Recapitalisation Signals Era of Digital-First Insurance for Critical Sectors and Nigeria’s Next Generation

Leadway Assurance, Nigeria’s foremost insurance services provider and a...

Topics

Stanbic IBTC Pension Deepens Access to Pension with New Branch

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

Stanbic IBTC Bank Supports GTR West Africa 2025 to Strengthen Regional Commerce

Stanbic IBTC Bank, a leading financial institution committed to...

NHEA 2025 Announces PharmAccess SafeCare Award Categories, Unveils Nominees

Njide Ndili Country Director PharmAccess Foundation The Nigerian Healthcare Excellence Award (NHEA)...

NAICOM Commends Senate on Passage of National Insurance Regulatory Commission Bill

The National Insurance Commission (NAICOM) extends its profound appreciation...

The Micro-Insurance Acceleration Conference 2016

The Micro-insurance Acceleration Conference 2016 is scheduled to take...

Mara Names Susan Younis Chief Marketing Officer

Mara, the Pan–African crypto exchange platform has announced that...

IWD: Unity Bank, AltSchool Africa Partner to Empower Female Software Engineers

In commemoration of International Women’s Day, IWD 2022, Nigeria’s...

Public Voting Commences for NHEA 2025 Nominees

Moses Braimah NHEA Director, Marketing, Communication & Strategy The countdown...
spot_img

Related Articles

Popular Categories

spot_imgspot_img