Saudi Arabia will allow shops and businesses to stay open 24 hours from January 1.
Shops and establishments availing the license will have to follow certain conditions such as the installation of cameras and surveillance systems, according to a statement from the Ministry of Municipal and Rural Affairs.
This is the latest in a string of reforms introduced by the Kingdom to boost the ease of doing business in the country.
“Allowing commercial activities to function 24/7 will contribute to providing commodities and services to residents around the clock and will enhance the quality of life in cities,” Majed Al Qasabi, the acting Minister of Municipal and Rural Affairs was quoted as saying in several media reports.
Saudi Arabia’s budget highlights the difficulties of job creationThe new budget of Saudi Arabia is full of fascinating insights for both citizens and foreign investors, including an update on the rich range of ... Opinion
Saudi Arabia is home to 500 bln riyals of untapped mortgage potential: Al RajhiThe size of untapped mortgage potential in Saudi Arabia currently stands at 500 billion riyals ($133.26 billion), according to Riyadh-based Al Rajhi ... Business
Unemployment in Saudi Arabia to decline to 5.4 pct by 2019-end: ReportUnemployment in Saudi Arabia will decline to reach 5.4 percent by the end of 2019, supported by higher employment of both Saudis and expatriates in ... Economy
Saudi Arabia announces $272 billion 2020 budgetSaudi Arabia’s 2020 budget will see an expenditure of 1.02 trillion riyals ($272 billion), compared to 1.05 trillion in 2019, and a revenue of ... Economy