The total value of cases of the competition system's irregularities incurred in various sectors since the establishment of the Competition Council until the end of 2014 and heard by the Hearing and Settlement Commission has exceeded SR 350 million, while the value of cases in the last year amounted to SR 135 million. The sectors included the sector of necessary consumer goods and services. Those cases have passed advanced stages in the prosecutions while it is expected the effect of deterrence in goods and services markets after the publication of final judgments against violators. In submitting the annual report to the Competition Council, the Minister of Commerce and Industry and President of the Competition Council Dr. Tawfiq bin Fawzan Al-Rabiah stressed that the economic sector in the Kingdom of Saudi Arabia enjoys a great importance in which the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud's Government seeks to enhance the effectiveness of the performance of the business sector and create an investment environment based on fair competition foundations. --More 12:30 LOCAL TIME 09:30 GMT تغريد
