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Ministry of Commerce (Saudi Arabia)

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Ministry of Commerce

Majid bin Abdullah Al Qasabi, the current Minister of Commerce since 2016
Agency overview
Formed1954; 70 years ago (1954)
JurisdictionGovernment of Saudi Arabia
HeadquartersRiyadh, Saudi Arabia
Agency executive
WebsiteOfficial English Website

The Ministry of Commerce (MC; Arabic: وزارة التجارة) is a cabinet-level government ministry of Saudi Arabia responsible for both commerce and investment sectors in the kingdom.[1] Its responsibilities include the development and implementation of policies and mechanisms that govern the sectors of commerce and Investment.[1] The current minister is Majid bin Abdullah Al Qasabi who was appointed on 7 May 2016.[2]

History[edit]

In 1954 a Royal decree was issued to establish the Ministry of Commerce to develop and regulate the internal and external commerce.[3][4] In 2003, through a government reorganization, the Ministry of Commerce and Industry was established.[5] later، In 2016, the Ministry of Commerce and Industry was amended to the Ministry of Commerce and Investment.[6] On 25 February 2020, this ministry was renamed to Ministry of Commerce. [7]

Structure[edit]

The Ministry has several agencies including:[8]

  • Deputy Ministry for Consumer Protection
  • Deputy Ministry for Industry Affairs
  • Deputy Ministry for Foreign Trade
  • Deputy Ministry of Internal Trade
  • Deputy Ministry for Technical Affairs
  • Marketing and Communication Management
  • Administrative and Financial Affairs Management
  • Information Technology Management
  • General Directorate for Strategic Planning and Projects
  • Engineering Management

Commercial Attachés Offices[edit]

The Ministry also supervises commercial attachés offices worldwide with the aims of establishing and developing commercial relationships with other countries.[9] In May 2018, Saudi Arabia appointed with Samar Saleh the first woman to be a commercial attaché in Japan.[10]

See also[edit]

References[edit]

  1. ^ a b Department, Knowledge Management. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  2. ^ "New Royal Decrees". Arab News. 2016-05-08. Retrieved 2019-03-13.
  3. ^ "FINANCIAL REPORT FILING REQUIREMENTS AROUND THE WORLD PROFILE: Saudi Arabia" (PDF). IFRS FOUNDATION. Retrieved 13 March 2019.
  4. ^ V. N. Balasubramanyam; John Maynard Bates (18 June 1993). Topics in Policy Appraisal: Volume 2: Case-Studies in Economic Development. Palgrave Macmillan UK. pp. 195–. ISBN 978-1-349-11423-8.
  5. ^ "The Ministries of the Government of Saudi Arabia". www.accelerando.cz. Retrieved 2019-03-13.
  6. ^ "Ministries | The Embassy of The Kingdom of Saudi Arabia". www.saudiembassy.net. Retrieved 2019-03-13.
  7. ^ "Royal Orders Issued 3 Riyadh The official Saudi Press Agency". www.spa.gov.sa. Retrieved 2020-02-25.
  8. ^ Department, Knowledge Management. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  9. ^ ATTACHÉS. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  10. ^ "Samar Saleh: First Saudi woman to be appointed commercial attaché". Saudigazette. 2018-05-05. Retrieved 2019-03-27.


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