Saudi Arabia: Competition Law Aims to Combat Monopolistic Practices

Women shop at a mall in Jeddah, Saudi Arabia. (Getty Images)
Women shop at a mall in Jeddah, Saudi Arabia. (Getty Images)
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Saudi Arabia: Competition Law Aims to Combat Monopolistic Practices

Women shop at a mall in Jeddah, Saudi Arabia. (Getty Images)
Women shop at a mall in Jeddah, Saudi Arabia. (Getty Images)

The regulations of the Saudi Competition Law have revealed that it aims to protect and promote fair competition and combat monopolistic practices that affect legal competition and the consumer’s interest.

The regulations guarantee that the services and goods' prices conform to the market rules and free competition concepts.

The law bans the practices – including agreements and deals between establishments – whether written or oral, if the purpose behind them is to harm competition, especially in terms of determining prices of goods, services fees, conditions of selling and purchasing, limiting the inflow of services and products, etc.

The law also forbids any attitude that hinders the entry of an establishment into the market, pushes an establishment out of the market, blocks available products or services wholly or partially from a specific establishment. It also prevents dividing markets for the sake of selling or buying services and products.

Article six of the law includes prohibiting any establishment that dominates the market or part of it from abusing its power to breach or limit competition.

The law bars setting conditions on an establishment to abstain from dealing with another and suspend the selling of a service or product in return for an obligation or services that are not related to the original contract.

The law called on establishments wishing to join the economic concentration to notify the General Authority for Competition at least 90 days before completion in case the annual sales of the establishment surpasses a limit specified by the list.



Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
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Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)

Saudi Arabia is pushing to become a global hub for critical minerals, aiming to be the “Silicon Valley” of mining. At the fourth Future Minerals Forum in Riyadh, the kingdom announced new deals, investment plans, and discoveries.
Industry Minister Bandar Al-Khorayef said Saudi Arabia will explore mineral opportunities across 50,000 square kilometers this year. The Kingdom also unveiled a $100 billion mining investment plan, with $20 billion already in advanced stages or under construction.
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Aramco has identified “promising” lithium concentrations exceeding 400 parts per million in its operational areas, with lithium production in the kingdom expected to begin as early as 2027.
In line with this, Aramco revealed a joint venture with Saudi Arabian Mining Company (Ma’aden) to explore and produce minerals critical to the energy transition, including extracting lithium from high-concentration deposits.
The latest edition of the Future Minerals Forum brought together over 20,000 participants from 170 countries and featured 250 speakers across more than 70 sessions.
Saudi ministers and international officials highlighted key challenges facing the mining sector, including the need for increased private sector investment, advanced technology, regulatory frameworks, supply chain issues, carbon emissions from production, and a shortage of skilled talent.
In early 2024, Saudi Arabia’s Ministry of Industry and Mineral Resources raised its estimate of the kingdom’s untapped mineral resources from $1.3 trillion to $2.5 trillion, driven by new discoveries.
At last year’s forum, the ministry launched a $182 million mineral exploration incentive program to reduce investment risks, support new commodities, promote green projects, and empower small-scale mining operators.
Additionally, Al-Khorayef launched the Mining Innovation Studio at the Future Mineral Forum 2025.
In his opening remarks, Al-Khorayef stated that the new studio was designed to attract global talent and accelerate cutting-edge technology, in alignment with Riyadh’s vision to become the “Silicon Valley of mining”.
He clarified that the Kingdom is promoting upcoming exploration opportunities across 5,000 square kilometers of mineralized belts in 2025 as it continues its steadfast growth in the mining sector.
Al-Khorayef further noted that the Saudi mining sector is the fastest growing globally, and affirmed that its mineral potential stands at an estimated $2.5 trillion.
He elaborated that the allocation of new exploration sites to tap mineral wealth is part of Saudi Arabia’s efforts to establish mining as the third pillar of the Kingdom’s industrial economy.