Page 45 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

Press Release

The Ministry explained that since 2021 until now, it has received 15 requests from establishments
to notify economic concentration operations, including 10 requests after the issuance of the
Competition Regulation Law in 2023. It is expected that economic concentration operations will
gradually increase by virtue of the implementation of the decision, thanks to the controls that have
been established.

In addition, the Ministry received four complaints regarding economic concentration operations
after the issuance of the Competition Regulation Law, one of which was referred to the judiciary.
This is the first time that judicial action was initiated to deal with practices that violate competition,
reflecting the qualitative shift in dealing with issues related to competition in light of the law.

Consumer rights guarantee

The Ministry emphasized that national efforts to create a dynamic environment to regulate
competition in the country as an important incentive to attract investments, conduct business, and
increase the volume of trade are continuing, within a regulatory framework that guarantees
consumer rights and protects the interests of companies operating in the local market. These efforts
support the achievement of the goals of “We UAE 2031” vision to make the country the most
prosperous society in the world by the next decade.

-Ends-

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