The Competition Authority revealed the existence of two establishments working in the contracting sector, colluding in government projects, which prompted the Authority to study settlement requests submitted by the two establishments, in addition to the Authority announcing that it had started investigation and research in the automotive sector, while issuing a number of directives regarding the preliminary results that were shown. It has against establishments violating the competition law in this sector.
The authority announced that its board of directors had reviewed the results of investigations and investigations into some cases related to “transportation and storage, glass and glass products manufacturing, and the administrative and support services sector,” and issued a decision to dismiss the cases related to the three sectors. The authority announced that its CEO had been delegated the authority to take procedures for investigation, research, collection of inferences, and investigation into the possibility that a number of establishments operating in the contracting sector might violate any of the articles of the competition law and its implementing regulations, with him issuing a decision to exempt two establishments operating in the electric car sector from unified and exclusive contracting.
In another context, the authority raised the requirements for the minimum annual sales on which economic concentration is “necessary to report” from 100 million Saudi riyals to 200 million Saudi riyals, and this decision comes based on the annual review conducted by the authority, and takes into account best practices. International affairs, aspects related to the changes of the national economy and the level of market competitiveness, in addition to facilitating procedures and easing financial burdens, especially on small and medium-sized companies.
Okaz (Jeddah) @okaz_online