Saudi ups consumer protection efforts

by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 18 October 2007

Saudi Arabia, like many other GCC countries, has seen the price of good such as food shoot up in recent months. (Getty Images)

Saudi Arabia is consolidating national efforts to monitor consumer prices with the creation of a department for consumer protection.

The Council of Ministers approved the move by the Ministry of Commerce and Industry to create the new division at the deputy minister’s level, according to Saudi daily Arab News.

Osama Al-Kurdi, member of the board of trustees of the Riyadh Economic Forum and member of the Shura Council, told Arab News: “An agreement has already been reached and the Ministry of Finance will provide the necessary financing to make it operational.”

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The new department will monitor consumer prices on a continuous basis, and will be open to consumer feedback, Arab News said.

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