The Competition Council held its 44th meeting here yesterday under the chairmanship of the Minister of Commerce and Industry and Chairman of the Council Dr. Tawfiq bin Fawzan Al-Rabiah. The Secretary General of the Council, Dr. Musaed bin Nasser Al-Otaibi reviewed during the meeting the latest developments of the Council's works, memorandums, and technical reports provided by the Secretariat and a range of topics on its agenda. The council also passed a resolution to re-form a committee to hear and determine irregularities in the competition system, and several other decisions against a number of facilities to begin procedures for research and investigation and collection of evidence, after discussing the findings of the technical studies and reports about them. The Council issued resolutions on submitting criminal cases to the Committee of arbitration and considering the competition system irregularities, against a number of facilities after discussing what has been reached in the stage of research and investigation procedures and collection of evidence. The Competition Council is an independent legal body, and seeks to promote and encourage fair competition and combat monopolistic practices that affect the legitimate competition, in order to achieve the economic policy pursued by the Kingdom of Saudi Arabia in the economic sphere and to promote an atmosphere of competition in the business sector. The Competition Council, headed by the Minister of Commerce and Industry, includes in its membership representatives of Ministry of Finance, Ministry of Economy and Planning, Ministry of Commerce and Industry, Saudi Arabian General Investment Authority and four members with expertise in this area. More information on the Council is listed on the site of the Council on the Internet : (www .coc.gov.sa), and following up its accounts in social networking media.
