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Business

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

Suspected cases of corporate collusion in Saudi Arabia surge in 2021

Saudi King Salman said in his recent to the UN General Assembly that "we hope that our talks will lead to tangible results that would build trust".
By Hilal Mir
June 25, 2021 8:23 am

    • The value of the project under investigation $267 million

    • From 15 in 2019, cases rose to 86 in 2021

    Cases of suspected collusion in tenders being investigated by the Saudi General Authority for Competition (GAC) rose to 86 in 2021, up from 55 last year and 15 in 2019, Al Arabiya reported.

    The value of projects being investigated in the Kingdom amounted to more than SR1 billion ($267 million), Abdulaziz Alzoom, governor of GAC, said in a statement.

    In a previous statement, GAC said it had started investigations, research and gathering of evidence with a number of establishments, based on communications it had received from other authorities, and complaints from individuals and companies.

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    INSEAD Day 4- 300x600
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