3 expat women who practiced prostitution in a hotel arrested in Riyadh    Tunisian president and Saudi interior minister discuss security cooperation    Saudi, US defense ministers discuss over phone ways to enhance strategic cooperation    Grand Mufti expresses pride over Saudi Arabia's firm position on Palestine issue    Saudi Arabia's inflation records slight rise reaching 2% in January 2025    Electromin celebrates victory of "Nissan Formula E Team" in "Jeddah E-Prix" as first Saudi private-sector global partner in Formula E    Saudi Arabia vows full support to Lebanon's actions to safeguard citizens' security    US-made heavy bombs arrive in Israel after Biden-era hold    Death toll from New Delhi railway station stampede rises to 18    US, Russia to begin Ukraine peace talks in Saudi Arabia    Al Ittihad CEO calls for fairness as Al Hilal raises officiating concerns ahead of Saudi Classico    LG Electronics Saudi Arabia and Shaker Group mark 30 years of sustainable innovation in HVAC solutions    Benzema shines with goal and two assists as Al Ittihad dominate Al Wehda French star leads Al Ittihad to 4-1 victory, extending lead over Al Hilal ahead of top-of-the-table clash    Saudi Arabia among world's top 10 energy storage markets    Al Hilal held to controversial 1-1 draw against Al Riyadh, missing chance to reclaim top spot    Al Hilal accuses SPL's Michael Emenalo of bias and SFF's Manuel Navarro of pressuring team to accept local referees Club criticizes officiating, calls for elite foreign referees in Saudi Pro League    Maya Diab joins Arab stars and celebrities in celebrating the Centrepoint Ramadan 2025 collection launch at Riyadh Boulevard    Oilatum tackles rise in Eczema and Dry Skin in Saudi Arabia    HONOR brings together AI and luxury with PORSCHE DESIGN HONOR Magic7 RSR at LEAP 2025    Chinese film stirs national pride, rakes in $1bn in days    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Expats transfer experiences home
Published in The Saudi Gazette on 09 - 10 - 2013


Saudi Gazette report

DAMMAM — The Ministry of Labor's status rectification campaign has obliged a large number of expatriate business owners operating under tasattur (a business defined as one where foreigners run and control a business in exchange for a monthly fee paid to the registered Saudi owner), to transfer their savings and experiences to their home countries because they are unable to rectify their status.
According to Al-Eqtisadiah business daily, these expatriates have dominated commercial activities in the retail sector such as the fruit and vegetable market, poultry, carpentry, construction, furniture, repair and maintenance workshops, clothes and tailoring, private transport and many others.
Omar Al-Shaikh, a legal Yemeni expatriate, said he benefited from the long experience he gained from working for a Saudi fish company which enabled him to establish his own private fish business under tasattur with a number of his Saudi friends. “The Saudi partners played no role in the company other than finishing governmental paperwork and making a profit from the company,” he said.
Al-Shaikh said his company was a great success and he established a number of fish restaurants.
“Through the commercial licenses of my Saudi partners, I was able to recruit some of my relatives. However, after the status-correction campaign, many of my workers had to either to leave the country or transfer their iqamas to other establishments,” he said.
Al-Shaikh said he decided to move his savings and experience to Al-Ain in the United Arab Emirates. “I will also consider pursuing the same profession in my home country,” he said.
Mohammed Qamar, an Indian, said he could no longer manage to run his curtain and decoration shop after many of his workers left because of the status-rectification campaign. “I am preparing to go back to India to set up the same business there,” he said.
Akmal Salim, a Bangladeshi security guard in Dammam said, he was able to open a fruit and vegetable store.
“I asked one of my compatriots to look after the shop which was making a lot of money. My secret partner had to leave because he could not correct his status,” he said.
Salim said he would take the money he had made to his country to open a similar shop there.
Dr. Khaled Al-Ghamdi, a specialist in small and medium enterprises, expected Saudis to make sufficient profits in the retail business after the expatriates are gone. “Saudis will take over this business, which has been dominated by expatriates for a long time,” he said.


Clic here to read the story from its source.