AlQa'dah,1436 , 06 September,2015, SPA -- The Secretary General of the Competition Council, Dr. Musaed bin Nasser Al-Otaibi said that the directive of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to open markets to foreign companies in retail and wholesale sectors at ownership rates up to 100%, is a historic decision in the economic system, noting that the Kingdom is one of the most attractive countries for investment because of the political and economic stability and this in itself a major security source for international companies. Dr. Al-Otaibi said in a press statement today, "This directive is an opportunity for foreign investment companies to access the domestic markets in the Kingdom of Saudi Arabia without the intervention of any intermediary or agent between them, and therefore those companies will seek to improve their services at competitive prices and high quality and provide after-sales service because the domain in the competition will be wider than it was in the past where there are no legal barriers to enter the market. --More 15:26 LOCAL TIME 12:26 GMT تغريد
