Writer outlines four key aims of proposed competition law amendments

Journalist Hamad Al-Qashanin has outlined the objectives of the amendments proposed by the General Authority for Competition to the competition law.

Speaking in a radio interview with Al-Ikhbariya FM, Al-Qashanin said the proposed changes aim to develop the competition protection system and give the authority more options for imposing penalties.

He added that the amendments also seek to allow the suspension of suspected entities for up to 120 days to complete investigations, enhance proactive oversight, and raise compliance levels.

Al-Qashanin noted that the proposed changes represent a comprehensive upgrade to the competition protection framework by expanding oversight and introducing graduated penalties. If an entity is suspected of violating the law, it can be suspended for 120 days pending investigation, making violators more wary of immediate action.

The amendments also include rewards for those who help uncover violations related to anti-competitive practices, restrictive agreements, and abuse of dominant position, thereby improving early detection and monitoring.

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