Logo of General Authority for Competition (GAC)
The General Authority for Competition (GAC) approved 22 economic concentration applications in April 2026.
In a statement, the authority said it gave the green light for the establishment of a joint venture (JV) between Pharmaceutical Investment Co. and Jamjoom Pharma to produce vaccines, biologics, and biosimilars.
It also approved a JV between Projects and Development Co. and UK’s Weir Ltd in the mining and quarrying sector.
In addition, Savvy Games obtained GAC’s approval to acquire Shanghai Moonton Technology Ltd and Moonton Holdings (both based in China).
The authority also greenlit Aramco Development Co.’s acquisition of a 49% stake in Middle East Cloud and Digital Transformation Co., as well as the acquisition of a 50% stake in Manufacturing Infrastructure Processing Co. by Belgium-based Beaulieu International BV.
Further, GAC gave the go-ahead for Dallah Real Estate Co. to acquire Red Sea Markets Co., and National Gas and Industrialization Co. (GASCO) to purchase a 50% equity in JACKO Gases Co.
