Saudi Authority Imposes $20.53 Million Penalty on Contracting Firms for Collusion
In a decisive move to enforce fair competition, the General Authority for Competition (GAC) in Saudi Arabia has fined six contracting companies a combined total of SR77.5 million. These firms were found guilty of breaching the Competition Law through collusion and coordination in government bids and tenders. The hefty fines reflect the GAC’s commitment to …
Saudi Authority Imposes $20.53 Million Penalty on Contracting Firms for Collusion Read More »