General Authority For Competition Concludes Participation In OECD Global Forum On Competition In Paris

The General Authority for Competition, under the leadership of CEO Dr. Fahad Alshathri, recently concluded its participation in the Global Forum on Competition. This event was hosted by the Organisation for Economic Co-operation and Development in Paris from December 1 to 5. The forum included meetings of the Competition Committee, where Alshathri engaged in various specialised discussions.

During the forum, Dr. Alshathri chaired a session titled "Competition in the Healthcare Sector" and moderated a panel on healthcare markets. He also presented several working papers that addressed artificial intelligence and competition dynamics, as well as competition enforcement in informal markets. These contributions highlight his active involvement in shaping discussions around these critical topics.

In addition to his primary engagements, Dr. Alshathri participated in several seminars and sessions over the following days. These sessions focused on market studies, analytical tools, and balancing prudential regulation with competition considerations in the banking sector. His involvement underscores a commitment to exploring diverse aspects of competition policy.

As Chairman of the Arab Competition Network, Dr. Alshathri attended an informal meeting with representatives from Middle Eastern and North African countries. During this gathering, he reviewed progress made by the Arab Competition Network and its specialised working groups. This meeting was crucial for fostering regional cooperation in competition policy.

The international engagements of the General Authority for Competition reflect its dedication to strengthening Saudi Arabia's presence in global forums. By exchanging expertise and enhancing cooperation among relevant entities, the authority aims to develop policies that support a fair competitive environment aligned with Saudi Vision 2030 objectives.

This approach contributes significantly to establishing effective competition policies and procedures within Saudi Arabia. It also supports creating a competitive environment that benefits both businesses and consumers, ensuring fairness and transparency across various sectors.

With inputs from SPA