Thursday, March 12, 2026
32.4 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

NGX Group, IFC, CSCS, WIMBIZ Convene Leaders to Advance Gender Equality at 2026 Ring the Bell Ceremony

Nigerian Exchange Group Plc (NGX Group), in collaboration with...

Union Bank of Nigeria Marks Int Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign

L-R: Chief Talent Officer, Union Bank of Nigeria, Omayuli...

NAICOM: 20 Insurance Firms Seek Capital Verification Ahead July 31 Recapitalisation Deadline

The National Insurance Commission (NAICOM) says 20 operators in...

FG Inaugurates Committee on Grid Asset Management Company to Boost Power Sector

President Bola Tinubu has constituted an 11-member committee to...

Tinubu Approves Posting of 31 Career, 34 Non-Career Ambassadors

President Bola Ahmed Tinubu has approved the postings of...

Topics

Sterling Bank Earns 5-Peat Victory at Great Place to Work Awards

Sterling Bank Plc has set a new milestone by...

Tinubu Commissions WAGL’s 40,000 CBM LPG Vessel in South Korea

Dignitaries at the naming ceremony of the 40,000 cubic...

Africa, ME Personal Computing Market Reports 12% Growth in 4thQtr 2021

    The Middle East and Africa (MEA) personal computing devices...

Interswitch CEO, Elegbe, Mentors Young Entrepreneurs at CcHUB

Mitchell Elegbe, GMD / Founder, Interswitch Group has advised...

Business Journal Unveils Official Invite for Public Presentation Event

Business Journal has unveiled the official invite for the...

NAICOM to Engage Insurers on 10-Year CEO Tenure Code

The National Insurance Commission (NAICOM) says it will engage...

Heirs Insurance Hackathon Opens: Nine University Students to Win N9m Innovation Prize

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, calls...

Heirs Holdings Raises Pay for Staff in Celebration of Workers’ Day

Mr. Tony Elumelu, Chairman of Heirs Holdings, just made...
spot_img

Related Articles

Popular Categories

spot_imgspot_img