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

Updated 21 June 2018

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 minister hails ‘special relationship’ with Japan

Updated 22 October 2019

Saudi minister hails ‘special relationship’ with Japan

  • “We share common values,” said Majid Al-Qasabi

TOKYO: Saudi Arabia has a “special relationship” with Japan, which is “reliable strategic partner and friend” of the Kingdom, the Saudi Minister for Commerce and Investment Majid Al-Qasabi said on Monday.

The minister was speaking at the launch in Tokyo of the Japanese-language online edition of Arab News, in the latest stage of its global expansion. The event came on the eve of Tuesday’s ceremonial enthronement of Emperor Naruhito in the Japanese capital. “This is a great opportunity, a moment in history,” Al-Qasabi said.

The news website, published in Japanese and English, will focus on enabling the exchange of information between Japan and the Arab world in business, current affairs, and arts and culture. “It will be good to have news in Japanese so many Japanese can read about the Arab world,” Japan’s Defense Minister Taro Kono said at the launch.

Common values

“We share common values, we have a high respect for the elders and we think that the family is very important … to me we are friends and I think we need to work together.

“In order to do that we need to know what people in the Middle East are actually thinking, what is happening on a daily basis, and we haven’t got the source for that — but now Arab News is in Japan.

“This is a very good means to exchange information between the Middle East and Japan, so I am very much looking forward to it.”