FaceOf: Majid bin Abdullah Al-Qassabi, KSA's minister of commerce and investment

Updated 21 June 2018
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FaceOf: Majid bin Abdullah Al-Qassabi, KSA's minister of commerce and investment

  • Al-Qassabi declared that Saudi Arabia’s inclusion in MSCI’s emerging market is recognition of its efficiency in satisfying global markets’ needs
  • Al-Qassabi was born in 1959 in Jeddah to one of the biggest real estate owners in the Kingdom

Majid bin Abdullah Al-Qassabi is the minister of commerce and investment in Saudi Arabia.

On Thursday, the minister declared that Saudi Arabia’s inclusion in MSCI’s emerging market is recognition of its efficiency in satisfying global markets’ needs.

He also highlighted the importance of seizing the day with milestones like these by expanding the liquidity of Saudi’s financial markets through an increase in investments and creating diverse opportunities for investors and traders.

Al-Qassabi was born in 1959 in Jeddah to one of the biggest real estate owners in the Kingdom.

He received his schooling in Jeddah, before he earned his bachelor’s degree in civil engineering from the University of Portland, Oregon, in 1981. 

He then received two master’s degrees: Engineering management from the University of Missouri in 1983 and civil engineering from UC Berkeley in 1982. After that, he returned to Missouri to pursue a doctorate in engineering management in 1985.

The current minister became a professor at King Abdul Aziz University in Jeddah for 11 years, before serving as the secretary-general of Jeddah’s Chamber of Commerce in 1998.

In 2002, he was appointed as the director general of the Sultan bin Abdul Aziz Al-Saud Foundation, then became an adviser to the crown prince’s court in 2010. 

Al-Qassabi sits on many boards and serves as a member of major Saudi charities such as the Council of Saudi Ports Authority Management, the High Commission for the Development of Hail, the Centennial Fund and the Supreme Economic Council.


Saudi public prosecution announces results of investigation into Khashoggi killing

Updated 52 min 48 sec ago
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Saudi public prosecution announces results of investigation into Khashoggi killing

RIYADH: Saudi Arabia’s public prosecutor said on Thursday he was seeking the death penalty for five out of 11 suspects charged in the murder of Saudi journalist Jamal Khashoggi.

Khashoggi was killed in the country’s Istanbul consulate on Oct. 2 after a struggle by a lethal injection dose and his body was dismembered and taken out of the building, he told reporters in Riyadh.

The Prosecutor said Khashoggi’s body parts were then handed over to a local Turkish agent outside the consulate grounds, the spokesman said, adding that the drawing of the agent has been prepared and will be handed over to the Turkish authorities.

He said that the head of Khashoggi’s repatriation team was the one who ordered the killing of the victim, adding that the investigations into the whereabouts of the victim’s body are still ongoing.

He noted that the mission of the team was to persuade Khashoggi to return to the kingdom.

The prosecutor said a former adviser had been due to meet the team that was ordered to repatriate journalist Khashoggi, who was killed after efforts to negotiate his return failed.

He added that the ex-advisor had been banned from travelling and remained under investigation, and that the case has been transferred to court while investigations continue.

The prosecutor said Saudi Arabia has requested Turkey to sign a cooperation deal on a probe into the murder of journalist Jamal Khashoggi.

“We have requested the brotherly Turkish authorities to sign a special cooperation mechanism specific to this case in order to provide them with the results of the investigation,” he said, adding that “the public prosecutor is still awaiting a response to these requests.”