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

Is Investing for Me? Rethinking Who the Stock Market is Actually Built For

  By Robinson Kolawole "Investing is not for someone like me."...

CIIN Boss, Yetunde llori, Bows Out, Lists Achievements in Office

Mrs. Yetunde llori, the President/Chairman of Council, Chartered Insurance...

WorldStage Business Forum Q2 2026: Prof. Baale Makes Case for Building World-class Nigerian Corporate Culture

L-R: Mr. Segun Adeleye, President/CEO, World Stage Limited; Prof. Lere...

Insurance Brokers Reaffirm Commitment to Local Content, Digital Innovation at SUPERNEWS Conference

Deputy President of the Nigerian Council of Registered Insurance...

Topics

Emirates’ Exclusive Agreement with Dom Pérignon Champagne

As the only airline with an exclusive agreement to...

3 Essential Elements of a Protein-Centred National Nutrition Policy

By Veronica Eneh Ejembi Nutrition, whether at the individual, domestic...

AAN Launches Teachers’ Manual for Teaching Students with Albinism

In a significant move towards inclusive education, the Albinism...

Stanbic IBTC Holdings Meets CBN’s N200bn Recapitalisation Policy

In a landmark achievement that highlights the steadfast confidence...

NCDMB Advocates Corporate Governance for Indigenous Oil Firms

Indigenous oil and gas companies must instill principles of corporate governance...

NCDMB, UBEC Explore Opportunities for Capacity Building, Support for Basic Education

L-R: Executive Secretary, Universal Basic Education Commission (UBEC), Dr...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

Stanbic IBTC Bank PMI: ‘Nigerian Private Sector Returns to Growth in April’

There were signs of recovery in the Nigerian private...
spot_img

Related Articles

Popular Categories

spot_imgspot_img