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 Arabia’s King Abdullah Petroleum Studies and Research Center launches “Kingdom of Energy” podcast

Updated 24 May 2019
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Saudi Arabia’s King Abdullah Petroleum Studies and Research Center launches “Kingdom of Energy” podcast

  • The program targets decision makers, specialists and workers in the energy sectors

RIYADH: The King Abdullah Petroleum Studies and Research Center (KAPSARC) has inaugurated a podcast program, titled “Kingdom of Energy”, through which specialized researchers can talk about energy economics, policies, techniques and related environmental issues.

The podcast is an opportunity for people interested in the field of energy to listen to the opinions of specialists in the field, including workers or partners of the center, whether local or international cadres.

The program targets decision makers, specialists and workers in the energy sectors through a new platform on the center’s website, allowing visitors to listen to podcast episodes.

The program is working on producing “Kingdom of Energy” episodes on a regular basis. The first episode is now available on the website in English, and another series is to be produced in Arabic.

KAPSARC is a non-profit research center that conducts independent research into global energy economics, policies, techniques and related environmental studies. The center seeks to find solutions for the most-effective and productive use of energy to promote economic and social growth locally, regionally and internationally.