03:04 PM
Tuesday 28 December 2021
I wrote – Shaima Hefzy:
The Agency for the Protection of Competition and the Prevention of Monopolistic Practices said in a statement today, Tuesday, that 49% of the examination cases studied by the Agency since the beginning of the year were concentrated in the health care sector.
The agency explained that since the beginning of last January, the board of directors, headed by Dr. Mahmoud Mumtaz, held a meeting; 16 sessions, in which about 228 examination and study cases were discussed, in different sectors and markets.
The statement indicated that this comes within the framework of the agency’s work to establish and implement the rules of free competition and work to develop them, improve the environment for practicing economic activity, spread and strengthen the culture of competition, combat monopolistic practices in all sectors, and implement the 2021-2025 strategy.
The health care sector accounted for the largest share, as 112 cases were studied, or 49% of the total number of cases, followed by the real estate activities sector, with a total of 75 cases, or 32%, while 8 cases were studied in the building materials sector, according to the statement.
The agency studied 7 cases in the food sector, 5 cases in the automotive industry, 3 cases in the media sector, and two cases were studied for the chemical, gas and petroleum industries, paper industry, packaging, textiles and communications.
The statement added that one case was studied for each of the sectors of education, maritime transport, professional, scientific and technical activities, machinery and equipment industry, electronic devices, tourism and agriculture.
The examination cases that ended during this period varied between study initiatives, notifications, examination requests and requests for exemption from the provisions of the law. Or not granting exemptions or decisions to issue recommendations or to preserve.
The Agency for the Protection of Competition and Prevention of Monopolistic Practices works in accordance with the 2021-2025 strategy, which is based on four main pillars: effective enforcement of the provisions of the law, limiting legislation, policies and decisions restricting freedom of competition, spreading a culture of competition, and raising institutional efficiency, which are the axes that are linked to Egypt’s Vision 2030 and achieving sustainable development goals.
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