The Ministry of Industry and Mineral Resources aims to advance the industrial and mining sectors, and contribute to achieving sustainable development, in line with the Kingdom’s Vision 2030, which adopted these two sectors as strategic options to diversify the national economy and raise their contribution to the gross domestic product, by implementing the initiatives of the National Industry Development and Logistics Program (One of the Kingdom’s 2030 vision realization programs), which aims to transform the Kingdom as a leading industrial and mining powerhouse, and a global platform for logistics services.
The Federation of Saudi Chambers is the umbrella and only legitimate representative of the Saudi business community in all its various groups, sectors and regions, whereas Chambers of Commerce and Industry represent business interests in the regions where they exist
The Kingdom of Saudi Arabia is blessed with many rich assets. Our geographic, cultural, social, demographic and economic advantages have enabled us to take a leading position in the world.
To build the best future for our country, we have based our Vision for the Kingdom of Saudi Arabia on three pillars that represent our unique competitive advantages. Our status will enable us to build on our leading role as the heart of Arab and Islamic worlds. At the same time, we will use our investment power to create a more diverse and sustainable economy. Finally, we will use our strategic location to build our role as an integral driver of international trade and to connect three continents: Africa, Asia and Europe.
The Ministry of Commerce is responsible for regulating trade in Saudi Arabia. It was established in 1373AH. The Ministry is tasked with developing and implementing commercial policies for the Kingdom, facilitating and developing domestic & foreign commercial work, enhancing the role of the private sector in the national economy, developing trade relations with various countries of the world, in addition to supervising the implementation of commercial regulations, issuing licenses to establish chambers of commerce and their branches and overseeing them.
The ongoing transformation of Saudi Arabia under the Vision 2030 plan is unlocking new opportunities at an unprecedented pace. The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, while supporting businesses throughout their investment journey.
Through a network of dynamic business centers across the Kingdom, MISA partners with local and international businesses of all scales and sizes—from startups to blue chip multinationals—to help make investing in the Kingdom as streamlined and simple as possible.
MISA takes a lead role in improving Saudi Arabia’s overall business environment, commissioning multiple market intelligence studies every year and developing local opportunities for joint ventures.
It is our duty in the Ministry of Municipal Rural Affairs & Housing to organize and facilitate a balanced and sustainable housing environment through the development and improvement of programs to stimulate the private and public sectors through cooperation and partnership in organizing, planning, and monitoring to facilitate housing for all segments of society at the right price and quality.
The Ministry shall be considered as the supporting body for the relevant authorities and the government parties’ in the strategic and operational planning, at the direction of the Council for Economic and Development Affairs or in the case of the parties’ request. The Ministry also provides the necessary information from data, statistics, and studies to the relevant authorities, and works to harmonize the sectoral and regional plans between the relevant authorities.
Proceeding from our role in Vision 2030 of the Kingdom of Saudi Arabia, Zakat, Tax, and Customs Authority vision aims to support the Kingdom in building a prosperous economy that utilizes its strategic geographic position, increases the volume of international trade between Asia, Europe, and Africa, and maximizes gains from trade. The Kingdom’s logistic location and proximity to energy sources are the incentives toward a new beginning of manufacturing, and export and re-export to all countries around the world.
The General Authority for Statistics is a government entity that is considered the only official statistical reference for statistical data and information in the Kingdom of Saudi Arabia. The General Authority for Statistics implements all statistical works, ensures technical supervision of the statistical sector, which includes a system of multiple statistical centers and units that were established within the administrative structures of government entities and some of the private sector institutions, and oversees the implementation of the national strategy for statistical work in coordination with relevant entities.
The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (“GCC-Stat”) was established in June 2011 to provide a common official pool of statistics and data for the member states of the Cooperation Council for the Arab Countries of the Gulf (short form is Gulf Cooperation Council or “GCC”).
The establishment of GCC Stat was approved by the GCC Ministerial Council in September 2011. The Charter was officially endorsed in December 2012 by the GCC Supreme Council (comprised of heads of member states: United Arab Emirates, Kingdom of Bahrain, Kingdom of Saudi Arabia, Sultanate of Oman, State of Qatar and State of Kuwait).
The six Arab countries of the Gulf formed the GCC in 1981 in order to achieve a high level of institutional coordination in economic, social, political, defense and security fields. The evolution of the GCC has been greatly influenced by oil and energy demand and supply continuum as well as events in the region and the world at large. The next phase of the GCC evolution would require closer cooperation and more thorough monitoring and evaluation ensuring that all progress at comparable rates.
The objectives of the Office of the Technical Secretariat to Combat Harmful Practices in International Trade derive from the terms of reference established by the UNOPS Standard Law (System), which include: