Saudi Arabia Raises Minimum Limit for Entities Reporting Economic Concentration

"Muqawil” platform provides many services that facilitate procedures for contractors in Saudi Arabia (Asharq Al-Awsat)
"Muqawil” platform provides many services that facilitate procedures for contractors in Saudi Arabia (Asharq Al-Awsat)
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Saudi Arabia Raises Minimum Limit for Entities Reporting Economic Concentration

"Muqawil” platform provides many services that facilitate procedures for contractors in Saudi Arabia (Asharq Al-Awsat)
"Muqawil” platform provides many services that facilitate procedures for contractors in Saudi Arabia (Asharq Al-Awsat)

The Saudi government has raised the minimum limit of annual sales at which entities should notify the authority of economic concentration transactions to SAR 200 million ($53.3 million) from SAR 100 million ($26.6 million).

The decision was based on the annual review made by the General Authority for Competition (GAC), which considered the best international practices.

This came under the approval of GAC’s board of directors to amend Article No. 2 of the executive regulations of the Competition Law to read: “Entities seeking to join an economic concentration transaction – or the persons legally authorized to represent them - must notify the Authority at least 90 days prior to the completion of such transaction, if the total value of the entities' annual sales exceeds SAR 200 million.”

The amendment was approved during the 80th board meeting, with other resolutions adopted.

The GAC board followed up on the preliminary results of investigations into the motor sector, issuing several directives.

It also reviewed the investigation results of a lawsuit related to two entities in the food delivery and restaurants sectors, approving a settlement.

The board approved another settlement between two entities operating in the construction sector and nodded to exempting two entities operating in the electric vehicles (EV) sector for exclusive and unified contracts.

In other news, the Saudi Contractors Authority revealed that over 1,000 e-contracts worth more than SAR 308 million ($82.1 million) have been concluded on the Kingdom’s “Muqawil” platform, launched in 2021.

According to the Authority, 600 contracts have been signed for the implementation of framed structures without materials. Meanwhile, the contracts for implementation with materials reached 300.

The value of the highest contract concluded on Muqawil exceeded SAR 50 million ($13.3 million).

Muqawil also recorded SAR 10,000 ($2.6 thousand) as the lowest value of a typical contract concluded on the platform.



Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
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Saudi Arabia’s GAMI Participates in Paris Airshow 2025 to Boost Global Partnerships

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)
GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector. (SPA)

Saudi Arabia’s General Authority for Military Industries (GAMI) launched on Monday its participation at the International Paris Airshow 2025, held at Paris-Le Bourget Airport until June 22.

The opening day was attended by GAMI Governor Eng. Ahmad Abdulaziz Al-Ohali, Minister of Transport and Logistic Services Saleh Al-Jasser, President of the General Authority of Civil Aviation Abdulaziz bin Abdullah Al-Duailej, and Saudi Ambassador to France Fahad Al-Ruwaily, along with numerous officials, experts, and experts from around the world.

Al-Ohali emphasized that GAMI’s participation in the airshow aligns with its efforts to strengthen international partnerships, attract high-value investments, and empower national talent.

These efforts contribute to achieving the goals of Saudi Vision 2030, including the localization of over 50% of military spending, he added.

Such international engagements underscore Saudi Arabia’s growing global influence and highlight the significant progress made in developing investor-friendly policies, regulations, and an industrial environment that supports the sector’s growth both domestically and globally, he stressed.

GAMI's involvement in the airshow builds on the Kingdom's ongoing successes at international forums and underlines its commitment to developing a competitive defense and security industrial sector.

The sector aims to support the national economy and achieve sustainable security by building international partnerships that serve mutual interests.