GAC receives 100 economic concentration applications in Q3 2024

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The General Authority for Competition (GAC) received 100 economic concentration applications during the third quarter of 2024, an increase of 12% year-on-year.

In a report issued today, Oct. 15, the authority said economic concentration applications for foreign establishments accounted for the lion's share (65%) of the total. Meanwhile, those for local establishments represented the remaining 35%.

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GAC issued its no-objection for 60 economic concentration applications. It also granted 28 no-notification-required certificates, and is currently considering 12 applications that are still under study, as shown in the following table:

Details of Economic Concentration Applications in Q3 2024
Application Type	Q3 2023	Q3 2024	YoY Change
Under-study	9	12	+33%
No-notification required	39	28	(28%)
No-objection	39	60	+54%
Total	89	100	+12%

The information & telecommunications sector accounted for the majority (23%) of total economic concentration applications in Q3 2024, followed by the manufacturing sector (20%), as shown in the following table:

Economic Concentration Applications by Sector
Segment	% to Total
Information & telecommunications	23%
Manufacturing	20%
Transportation & storage	8%
Wholesale, retail trade & reparation of vehicles	8%
Water supply; sanitation; waste management & treatment	7%
Healthcare & social work activities	7%
Other sectors	27%

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