Saudi Council of Minister approved the draft Competition Law
thereby replacing Competition Law enacted via Royal Decree No.
(M/25) of 2004. The implementing regulations shall be issued by
Board of the General Authority for Competition (BGAC) within 180
days from the publication of the new Competition Law (new law) in
the Official Gazette.
The applicability of the new law shall be firstly, on natural or
juristic person conducting economic activity i.e. agricultural,
commercial, industrial or service. Also, involved in sale and
purchase of commodities and services in Saudi Arabia. Additionally,
to economic conduct outside Saudi Arabia which may damage fair
competition in the country shall fall under the purview of the new
law. But noteworthy point is that government/state owned entities
are excluded from the operation of the new law.
