Naif orders moves to contain rising prices

Author: 
Riyadh: Arab News
Publication Date: 
Tue, 2012-05-15 01:49

They have been instructed to constitute committees in all
regions of the Kingdom to intensify monitoring of price rises and clamp down on
counterfeit and low quality products.
The committees should comprise representatives of the
ministries of commerce and industry and municipal and rural affairs, as well as
officials from the Saudi Food & Drug Authority (SFDA), according to a
report in Al-Madinah Arabic daily.
A source at the Ministry of Commerce said the ministry is
currently working out a detailed mechanism that is set to govern all teams
involved in this task in coordination with other agencies concerned.
Makkah Gov. Prince Khaled Al-Faisal had earlier presented a
proposal to Crown Prince Naif to issue directives to the two ministries and
SFDA to coordinate in conducting field inspections of commercial shops with the
objective of containing price rises and seize imitation and cheap quality goods
from the local market.

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