GRI

Strengths and Weaknesses of Saudi Arabia’s Basic Regulation on Consumer Protection 2023

Read Consumer protection Consumer data
Date: 10th Sep, 2023 Source: In-House Country: Saudi Arabia

Brief

Summary:

The Saudi Basic Regulation on Consumer Protection 2023 is a comprehensive legislation aimed at transforming the consumer landscape in Saudi Arabia. The regulation's key strengths include its broad scope, covering consumer rights from product safety to information, and the establishment of the Saudi Authority for Consumer Protection for institutional accountability. However, the implementation of the regulation may face challenges, particularly in handling complex market dynamics and effectively governing online transactions and digital commerce. The regulation's success ultimately depends on effective implementation and adaptability to technological advancements.

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