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Saudi Arabia Studies Impact of Key Activities on Competition

Saudi Arabia Studies Impact of Key Activities on Competition

Friday, 25 March, 2022 - 10:15
A Saudi initiative to study key sectors, including agricultural production and measure the impact of competition, Asharq Al-Awsat

The Saudi General Authority for Competition has approved an initiative to study the agricultural and fish products sector, as well as the building and construction sector. The study will investigate the impact of establishments operating in the mentioned sectors on competition.

The Authority’s board of directors agreed to take action to investigate, gather evidence, and investigate two facilities operating in the public construction sector that may have colluded in bids and offers in a government project.

It also decided to file a criminal case against the two facilities for violating the competition law and its executive regulations.

This came during the 75th meeting of the board, headed by Dr. Ahmed Al-Khulaifi, Chairman of the Board of Directors of the General Authority for Competition.

The meeting was held in the presence of the CEO and members of the board.

The Authority’s board of directors addressed several topics on its agenda, issued a number of decisions and directives, and approved entrusting the CEO with approving a number of the Authority’s policies, rules and manuals.

Moreover, the board reviewed the results of the study regulating the relationship between competition authorities and sectoral regulators, and the results of the investigation into collusion in a number of government projects with four establishments operating in the contracting and services sector.

In other news, the Federation of Saudi Chambers, represented by the National Entertainment Committee, signed a contract with a consulting firm to study and analyze the entertainment and leisure sector in Saudi Arabia.

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