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 envoy highlights Coalition’s support of humanitarian operations in Yemen

Updated 21 September 2018
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Saudi envoy highlights Coalition’s support of humanitarian operations in Yemen

  • UN official briefd on the plans and projects of the Saudi Development and Reconstruction Program for Yemen

JEDDAH: Mohammed bin Saeed Al-Jaber, Saudi ambassador to Yemen and executive director of the “Isnad” Center for Comprehensive Humanitarian Operations in Yemen, met on Thursday with UN Special Envoy for Yemen Martin Griffiths.

During the meeting, Al-Jaber highlighted Saudi Arabia and the coalition states’ support of humanitarian operations in Yemen in light of violations committed by the Houthi militias.

He also briefed the UN official on the plans and projects of the Saudi Development and Reconstruction Program for Yemen, affirming its support in accordance with three references (Gulf Initiative and its executive mechanism, outputs of the national dialogue and Security Council Resolution 2216).

Griffiths highlighted his efforts with the Iran-backed Houthi militias to return to the negotiating table.

Earlier, Yemeni Vice President Ali Mohsin Saleh met with Griffiths. They discussed the latest developments in the Yemeni arena and efforts for peace there.