GAC receives settlement requests from 14 establishments in different sectors

12/08/2022 Argaam
Logo of General Authority for Competition(GAC)

Logo of General Authority for Competition (GAC)


Saudi Arabia’s General Authority for Competition (GAC) stated that 14 establishments summited settlement applications in different sectors, including contracting, construction, communications, medical gases and transportation, Al Eqtisadiah newspaper reported.

 

The authority added that the requests were studied, including those related to violation settlement, until the first half of 2022.

 

A total of 10 applications were completed, while four others are still pending, GAC said, adding that the amount of settlement requests in competitions and monopolistic practices are approximately SAR 7 million.

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