Ministry of Commerce‚ Industry‚ and Investment Promotion – Page 6

Based on the Competition Protection and Monopoly Prevention Law promulgated by Royal Decree 67/2014,

Royal Decree 97/2020 Amending the Name of the Ministry of Commerce and Industry to the Ministry of Commerce, Industry, and Investment Promotion, Determining Its Competences, and Adopting Its Organisational Structure,

and the approval of the Council of Ministers,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached Executive Regulation of the Competition Protection and Monopoly Prevention Law shall apply.

Article II

All that is contrary to the attached regulation, or in conflict with its provisions, is hereby repealed.

Article III

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 11 Jumada Al-Thani 1442
Corresponding to: 25 January 2021

Qais bin Mohammed bin Moosa Al-Yousef
Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1377 issued on 31 January 2021.

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Arabic Consolidated Text

Based on the Foreign Capital Investment Law promulgated by Royal Decree 50/2019,

and in pursuance of public interest,

it is hereby decided

Article I

The activities that are prohibited to be practised by foreign investment are hereby determined in accordance with the attached list.

Article II

The provisions of this decision shall not apply to investment projects existing at the time of its entry into force, and it is prohibited to assign them to third parties without the written approval of the Minister of Commerce, Industry, and Investment Promotion or his authorised representative.

Article III

All that is contrary to this decision, or in conflict with its provisions, is hereby repealed.

Article IV

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 22 Rabi Al-Thani 1442
Corresponding to: 8 December 2020

Qais bin Mohammed bin Moosa Al-Yousef
The Minister of Commerce, Industry, and Investment Promotion

Published in Official Gazette 1370 issued on 13 December 2020.

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