TRA signs Memorandum of Cooperation with Competition Protection and Monopoly Prevention Center

The Telecommunications Regulatory Authority (TRA) signed yesterday a Memorandum of Cooperation with the Competition Protection and Monopoly Prevention Center (CMC) to boost joint cooperation between them and to exchange data and resources in the telecommunications sector. The Memo was signed on behalf of TRA by HE Dr. Hamed bin Salim AL-Rawahy, TRA Executive President and from CMC side by Dr. Ghafir bin Awadh Al-Shanfari, CEO in charge of CMC with the presence of a number of officials from both sides.
The signing of the Memorandum of Cooperation comes within the efforts of TRA and CMC to coordinate their targets in relation to the articles stipulated in the Telecommunications Regulatory Act and the Competition Protection and Monopoly Prevention Law and their amendments for the public interest, and within the endeavors of both parties to establish a business frame work to strengthen their partnership and continued cooperation. This includes conducting joint research and studies, economic concentration requests and reviewing the regulatory laws and regulations.
The agreement involves the exploration of key areas of cooperation and ways to benefit from the capabilities and expertise of both parties, conducting training programs to develop techniques of control and regulation as well as cooperating in organizing training courses and joint events.
It is noteworthy that the execution of this Memorandum will be under the supervision of an executive committee to be formulated from both parties to act as a focal point to address the gaps and resolve the relevant issues.