Tuesday, June 2, 2026
31.1 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
spot_img

Hot this week

BGT Awards Contracts for Three Newbuild LNG Vessels

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria...

NGX Group Chair, Umaru Kwairanga, Receives International Business Achiever Award 2026

  The acceptance speech by Alhaji (Dr.) Umaru Kwairanga, Group...

AMEC Launches GEO Principles to Bring Rigour to AI-led Communications Measurement

AMEC, the International Association for the Measurement and Evaluation...

AIICO Insurance Drives Community Health Impact with Malaria Prevention Outreach in Oyo State

AIICO Insurance Plc has reaffirmed its commitment to improving...

Topics

BudgIT Claims 92 Fraudulent Projects Out of 2,760 in 2024/2025 Tracka Report

Tracka, BudgIT’s service delivery promotion platform, which allows citizens...

Ex-CBN Chief, Mailafia, WAIFEM DG for Business Journal 10th Anniversary Lecture

Dr. Obadiah Mailafia Former Deputy Governor Central Bank of Nigeria (CBN) Prof....

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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

GE Restates Commitment to Africa at 2016 U.S.-Africa Business Forum

Two years ago, the first U.S.-Africa Business Forum drew...

Heirs Energies Honoured for Sustainable Operations at NBLA 2023

Heirs Energies, an indigenous-owned integrated energy company has marked...

Union Bank Upgrades to PCIDSS v4.0 Certification

Union Bank, one of Nigeria’s most noteworthy and trusted...

Civil Society Groups Support Anti-Corruption Crusade

A group of Nigerian civil society organisations (CSOs) have...

Linkage Assurance Reports N11bn Premium in 2021 as Shareholders Applaud Growth

Shareholders of Linkage Assurance Plc have applauded growth of...
spot_img

Related Articles

Popular Categories

spot_imgspot_img