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.


Majlis culture brings a little Saudi warmth to freezing Davos

At a five-star hotel in Davos, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming ‘The future-forward economy — Invest Saudi.’ (AN photo)
Updated 23 January 2019
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Majlis culture brings a little Saudi warmth to freezing Davos

  • The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders

DAVOS: From the sub-zero temperatures of the icy Davos Promenade you are ushered through a glass door into the warmth of a desert majlis, with works by young Saudi artists on the walls and traditional Arabian delicacies being served. It is quite a culture shock.

The Davos majlis is the work of the Misk Global Forum (MGF), the international arm of the organization founded by Crown Prince Mohammed bin Salman to promote youth empowerment. 

The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders.

“The Kingdom’s participation in WEF 2019 highlights its role in developing the regional and global economy, and reflects the nation’s continuing ambition for sustainable development,” said Bader Al-Asaker, head of the crown prince’s private office and chairman of the Misk Initiatives Center. 

The Saudi delegation’s HQ overlooks the main congress hall, inside the Davos security cordon. 

At a nearby five-star hotel, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming: “The future-forward economy — Invest Saudi.” 

This is the second year Misk has been prominent at Davos. As well as the majlis, its pavilion offers visitors the chance to immerse themselves in modern Saudi art via a virtual reality tour of the work of four young artists.

Misk is organizing daily events there, building up to a power breakfast with leading executives on Friday on the theme of youth empowerment.

“In an age of profound economic disruption, we regard young people as the problem-solvers, not a problem to be solved,” said MGF executive manager Shaima Hamidaddin.

“We’re holding interactive discussions on how to empower young people to be the architects of the future economy, not the tenants of it.”