Ministry of Commerce (Saudi Arabia)

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]

Ministry of Commerce

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

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]

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.


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