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Saudi Arabia

Govt panel on prices formed

Eight ministries, alongside the General Auditing Bureau and the General Investment Authority, have been charged with the task of following up on the decision of the Cabinet on the increasing costs of living and high prices in the Kingdom.
The consultative commission, which includes 10 government bodies, will propose solutions for the issues, as well as submitting regular general reports.
The commission is to follow any decisions related to "the continued subsidizing of basic commodities to alleviate their high prices, the implementation of the competition system to protect fair competition and fight monopoly, the implementation of the supervisory role of the Consumer Protection Association, as well as finalizing the project of ration policies and making extensive efforts to control prices.”
The ten bodies that are to follow these directions are the ministries of Municipal and Rural Affairs, Islamic Affairs, Endowments, Dawa and Guidance, Finance, Agriculture, Information and Culture, Communications and Information Technology, Health, Economy and Planning, Commerce and Industry, in addition to the General Auditing Bureau, and the General Investment Authority.
Their recommendations included conducting field surveys to monitor prices, and continue to review procedures related to the pricing of medicines and their registration, accelerating and completing a study to provide health insurance to citizens, facilitating procedures of recruitment in a way that should not conflict with the process of Saudization, as well as implementing the Cabinet resolution (120) on 12/4/1425 on women's work urgently.

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