Ministry of Commerce (Saudi Arabia)

Ministry of Commerce

Majid bin Abdullah Al Qasabi, the current Minister of Commerce since 2016
Agency overview
Formed	1954; 71 years ago (1954)
Jurisdiction	Government of Saudi Arabia
Headquarters	Riyadh, Saudi Arabia
Agency executive	Majid bin Abdullah Al Qasabi, Minister
Website	Official 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

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

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

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

• Ministries of Saudi Arabia

References

1. 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.