Ministry of Commerce (Saudi Arabia)

Ministry of Commerce

Majid Al-Qasabi, the current Minister of Commerce since 7 May 2016
Agency overview
FormedJanuary 30, 1954; 71 years ago (1954-01-30)
JurisdictionGovernment of Saudi Arabia
HeadquartersRiyadh
Minister responsible
WebsiteOfficial English Website

The Ministry of Commerce (Arabic: وزارة التجارة) is the government body in Saudi Arabia responsible for regulating the commerce and investment sectors and for formulating policies that guide their development and support economic growth.[1]

History

In 1954 a Royal decree was issued to establish the Ministry of Commerce to develop and regulate the internal and external commerce.[2][3] In 2003, through a government reorganization, the Ministry of Commerce and Industry was established.[4] later، In 2016, the Ministry of Commerce and Industry was amended to the Ministry of Commerce and Investment.[5] On 25 February 2020, this ministry was renamed to Ministry of Commerce. [6]

Structure

The Ministry has several agencies including:[7]

  • 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.[8] In May 2018, Saudi Arabia appointed with Samar Saleh the first woman to be a commercial attaché in Japan.[9]

List of Ministers

# Minister Took office Left office
1 Mohammed bin Abdullah Ali Reda 16 March 1954 11 November 1958
2 Ahmed Jamjoom 15 March 1960 24 February 1961
3 Ahmed Shata 24 February 1961 1 July 1962
4 Ahmed Jamjoom 1 July 1962 18 March 1963
5 Abed Sheikh 18 March 1963 3 May 1971
6 Mohammed Ali Al-Awadhi 6 May 1971 13 October 1975
7 Ghazi Al-Gosaibi 13 October 1975 6 March 1996
8 Sulaiman bin Abdulaziz Al-Sulaim 6 March 1996 6 March 2004
9 Osama Jaafar Faqih 6 March 2004 28 February 2005
10 Hashim bin Abdullah Al-Yamani 28 February 2005 25 February 2009
11 Abdullah bin Ahmed Yusuf Zainal 25 February 2009 17 January 2012
12 Tawfiq bin Fawzan Al-Rabiah 17 January 2012 7 May 2016
13 Majid Al-Qasabi 7 May 2016 Incumbent

See also

References

  1. ^ Department, Knowledge Management. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  2. ^ "FINANCIAL REPORT FILING REQUIREMENTS AROUND THE WORLD PROFILE: Saudi Arabia" (PDF). IFRS FOUNDATION. Retrieved 13 March 2019.
  3. ^ 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.
  4. ^ "The Ministries of the Government of Saudi Arabia". www.accelerando.cz. Retrieved 2019-03-13.
  5. ^ "Ministries | The Embassy of The Kingdom of Saudi Arabia". www.saudiembassy.net. Retrieved 2019-03-13.
  6. ^ "Royal Orders Issued 3 Riyadh The official Saudi Press Agency". www.spa.gov.sa. Retrieved 2020-02-25.
  7. ^ Department, Knowledge Management. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  8. ^ ATTACHÉS. "Kingdom of Saudi Arabia - Ministry of Commerce and Investment". mc.gov.sa. Retrieved 2019-03-13.
  9. ^ "Samar Saleh: First Saudi woman to be appointed commercial attaché". Saudigazette. 2018-05-05. Retrieved 2019-03-27.