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FINANCIAL NEWS
Saudi Arabia to apply Saudization on taxi firms
31 Aug 2012
(MENAFN) Saudi Transport Ministry plans to implement Saudization drive on taxi firms in the Kingdom, Arabian Business reported.
The initiative forms part of the ministry’s new regulations for taxis in the Kingdom, which will come into effect on 22 October.
Under the new rules, all taxi companies are required to be owned and invested in by Saudi nationals, as well as holding minimum third-party insurance coverage to insure both the car and the driver and adequate parking.
Each car must hold an ‘Automated Vehicle Locater’, which will be used to track and direct all taxis.
The guidelines also require drivers to wear uniforms and be physically fit to help passengers with their luggage, as well as any potential disabilities.
Also, smoking will be banned in the taxis, and no random passenger pick-ups from airports, hospitals, shopping malls, business offices and transport facilities will be allowed. Customers will need to call the taxi office to fill in their request.
Drivers found not following the new system will be fined USD53.30, for the first violation, USD107 for multiple violations, and eventual cancellation of their driving license.
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