GAC receives 100 economic concentration applications in Q3 2024

Logo of The General Authority for Competition (GAC)

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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