Interior minister approves new strategy of the Supreme Authority for Industrial Security    Saudi banking assets hit record high at SR4.94 trillion    Civil Defense warns of caution amid NCM forecast of heavy rain in Jeddah and other governorates of Makkah    GCC imposes anti-dumping duties on automotive batteries from China, Malaysia    Three Saudi cities join UNESCO's Global Network of Learning Cities    95.7% of adults in Saudi Arabia enjoy healthcare benefits    Saudi Arabia ranks 5th globally, first in Arab world in AI sector growth SDAIA Academy trains over 1 million Saudis in data and AI skills    Saudi FM, ICRC Chief discuss humanitarian cooperation in phone call    Russia launches new strikes on Ukraine after Zelensky's 'constructive' call with Trump team    Soldiers announce dissolution of Benin government in apparent coup    Hegseth defends deadly cartel boat strikes, says Trump can take military action 'as he sees fit'    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Trump presents Kennedy Center honors, calls 2025 class 'most accomplished ever'    Hong Kong votes in LegCo election as city mourns deadly Tai Po fire    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    Netflix to buy Warner Bros film and streaming businesses    Mexico's Fatima Bosch, who walked out on organisers, crowned Miss Universe    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    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.



Businessmen welcome new initiative to tackle tasattur
Published in The Saudi Gazette on 23 - 06 - 2014


Badea Abu Al-Naja
Saudi Gazette
MAKKAH — Saudi businessmen have welcomed a new Ministry of Commerce and Industry initiative to tackle tasattur businesses, ventures foreigners run and control in exchange for a fixed fee paid to the registered Saudi owner.
The measures, according to commercial experts, will also control expatriates' remittances back home. They said the new measures would reduce the size of bogus businesses and joblessness in the Kingdom.
A number of government departments will be included in the initiative, such as the ministries of municipal and rural affairs, social affairs, labor, agriculture, higher education, interior and culture and information and the Saudi Arabian Monetary Agency (SAMA).
The ministry said it would revise all old commercial ledgers and registrations in the coming six months and introduce amendments that would tackle tasattur. It also said it would seek the help of the private sector to supervise all shops and commercial establishments.
Maher Bin Saleh Jamal, chairman of the Makkah Chamber of Commerce and Industry, told Saudi Gazette that the remarkable rise in the annual remittances of the expatriates was a clear evidence of the size of tasattur operations.
"Our national economy loses about SR300 billion every year because of tasattur operations," he said.
He added the remittances of expatriates by far exceeded their individual monthly salaries and annual income.
Jamal said expatriates are controlling the retail trade as well as service and contracting sectors.
He said about 60 to 70 percent of workers who were brought in on visas but left to aimlessly roam the streets looking for work were the result of tasattur and bogus establishments.
He said: “Many businessmen use their commercial licenses to establish businesses that only exist on paper.
“These non-existent establishments do not add any value to our economy.”
Jamal did not dismiss the possibility that a number of multinational companies that had entered the Saudi market had contributed to the tasattur ventures. "Many of these companies, which work under Saudi names, only employ nationals from their respective countries.”
The chairman said young Saudis should be encouraged to take on jobs in the private sector currently occupied by expatriates and said they should not shy away from doing any work. “Young Saudis should set up their own businesses and the government should help them achieve this,” he said.
Jamal said the private sector should be a main partner in tackling tasattur because it is affected the most by such businesses.
"There should be practical and applicable solutions to the problem, not just decisions on paper," he said.
His deputy, Mohammed Bin Abdul Samad Al-Qurashi, said tasattur did not only harm the national economy but resulted in a large number of expatriate workers taking up jobs at the expense of Saudis.
"Tasattur has increased the number of illegal expatriates and has resulted in large amounts of money without legal sources or origins leaving the country," he said.


Clic here to read the story from its source.