Thank you for reading the news about Saudi to allow businesses to open 24/7 from today and now with the details
Aden - Yasmine El Tohamy - The decision comes after considering several factors including extending support to the private sector.
Saudi Arabia on Monday announced that the business activities will be allowed to stay open 24/7 in the Kingdom from January 1, 2020.
According to Saudi Gazette report, the fees for granting the firms a license to function 24/7 depending on the shop's area and type of activity should not exceed SR100,000.
The ministry has also said that cameras and surveillance systems will be installed so that the shops and establishments can be issued a license to function 24 hours a day, the report added.
"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 earlier in the report.
The decision comes after considering several factors including extending support to the private sector, enhancing life during night, especially with high temperatures during the summer.
Moreover, economists believe that the decision contributes to the multiplication of the movement of markets and stimulate interaction between citizens and residents and allow more freedom to exercise lifestyles for all.
While, the country is working to reduce the unemployment rate from 11.6 per cent to 7 per cent by expanding the empowerment of young people to work, supporting entrepreneurs, establishing large projects, increasing private sector participation and building partnerships, the decision will create new job opportunities for citizens.
These were the details of the news Saudi to allow businesses to open 24/7 from today for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Khaleej Times and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.