benami business saudi: Saudi strengthens testing to find benami business ventures – saudi arabia has stepped up its search for benami business ventures

Saudi Arabia: Authorities are stepping up checks to find benami business ventures in Saudi Arabia. The survey was conducted on 4,844 businesses last month. The inspection is being carried out by officials of the Ministry of Commerce. Such an event is taking place as part of the implementation of Vision 2030.

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A joint team of 20 government departments is examining the benami business. Saudi Arabia has also tightened its rules for doing business in the country. Artificial intelligence is used more than manpower to find benami business. Artificial intelligence is used to analyze data and check data. The news was reported by Asianet.

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Authorities will monitor companies that are suspected of being benami businesses. These institutions will then be pre-arranged and inspected in collaboration with various government departments. The figures of these institutions will be checked accurately.
Strict action will be taken against the operators if they are found to be trading benami during inspections. The case will be filed only after obtaining the required documents and handing over to the concerned departments.

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