Ministry of Commerce (Saudi Arabia) explained

Ministry of Commerce
Jurisdiction:Government of Saudi Arabia
Headquarters:Riyadh, Saudi Arabia
Chief1 Name:Majid bin Abdullah Al Qasabi
Chief1 Position:Minister
Website:Official English Website

The Ministry of Commerce (MC;) 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. 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]

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

References

  1. Web site: Kingdom of Saudi Arabia - Ministry of Commerce and Investment. Department. Knowledge Management. mc.gov.sa. en-US. 2019-03-13.
  2. Web site: New Royal Decrees. 2016-05-08. Arab News. en. 2019-03-13.
  3. Web site: FINANCIAL REPORT FILING REQUIREMENTS AROUND THE WORLD PROFILE: Saudi Arabia. IFRS FOUNDATION. 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–. .
  5. Web site: The Ministries of the Government of Saudi Arabia. www.accelerando.cz. 2019-03-13.
  6. Web site: Ministries The Embassy of The Kingdom of Saudi Arabia. www.saudiembassy.net. 2019-03-13.
  7. Web site: Royal Orders Issued 3 Riyadh The official Saudi Press Agency. www.spa.gov.sa. 2020-02-25.
  8. Web site: Kingdom of Saudi Arabia - Ministry of Commerce and Investment. Department. Knowledge Management. mc.gov.sa. en-US. 2019-03-13.
  9. Web site: Kingdom of Saudi Arabia - Ministry of Commerce and Investment. ATTACHÉS. mc.gov.sa. en-US. 2019-03-13.
  10. Web site: Samar Saleh: First Saudi woman to be appointed commercial attaché. 2018-05-05. Saudigazette. English. 2019-03-27.


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