Saudi Arabia

Ministry of Commerce in Saudi Arabia is the body of the government charged with regulating and developing the business sector and trade policies of the kingdom. In line with the economic diversification strategies of Saudi Vision 2030, the ministry makes concerted efforts to provide an environment that is favorable, competitive, and inspiring to the private sector. The ministry is under the leadership of Dr. Majid bin Abdullah Al Kassabi, and it is mandated with national responsibilities such as drafting laws and regulations on commerce, consumer protection, e-commerce, and commercial registrations.

The ministry of commerce is mandated with the role of regulation of markets, protection of consumers and business activities aimed at achieving economic growth in the country. The ministry formulates and implements business laws in the country, it also facilitates the process of registration and renewals of CRs for local and foreign firms operating in Saudi Arabia. In order to ensure fairness in the market, the ministry fights commercial concealment (tasattur) by monitoring price of products and investigating complaints made against fraud or poor quality products. In addition, the ministry is instrumental in promoting trade relations internationally through management of kingdom’s commercial attachés globally.