General Authority For Competition Participates In UN Conference On Competition And Consumer Protection In Geneva

The General Authority for Competition (GAC), led by CEO Dr. Fahad Alshathri, took part in the ninth United Nations Conference on Competition and Consumer Protection. This event was organised by the United Nations Conference on Trade and Development (UNCTAD) in Geneva. Dr. Alshathri delivered a speech emphasising the Authority's role in promoting fair competition within Saudi Arabia.

Dr. Alshathri highlighted the GAC's collaboration with both public and private sectors to support Saudi Vision 2030. This vision aims to create a globally competitive economy and a business-friendly environment. He stressed that rapid global economic changes require a balanced approach to competition policies, ensuring flexibility while maintaining fairness.

During a panel discussion titled "Competition and Regional Economic Organizations," Dr. Alshathri discussed the importance of regional cooperation through the Arab Competition Network (ACN). He noted that cross-border collaboration offers strategic benefits like knowledge exchange and developing integrated enforcement mechanisms.

These efforts aim to strengthen competition policy as a tool for development and consumer protection across the region. The GAC's participation underscores its commitment to enhancing Saudi Arabia’s global presence in competition and consumer protection fields.

The Authority reaffirms its dedication to international best practices that promote transparency, equality, and innovation in the national economy. Dr. Alshathri stated, "The Authority’s participation reflects its commitment to bolstering the Kingdom’s global presence in the field of competition and consumer protection."

This involvement highlights GAC's adherence to practices that ensure market efficiency and foster an equitable economic environment. The focus remains on balancing innovation, economic growth, and safeguarding competitive practices amid emerging challenges.

The conference served as a platform for discussing how regional cooperation can enhance competition policies effectively. By engaging with international partners, GAC aims to contribute positively to both local and global economic landscapes.

With inputs from SPA