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.


Curfew imposed in Saudi Arabia’s Dammam, Taif and Qatif governorates

Updated 03 April 2020

Curfew imposed in Saudi Arabia’s Dammam, Taif and Qatif governorates

  • An exception will be made to services and activities previously announced by the ministry
  • Saudi Arabia announced on Thursday five deaths from coronavirus and said that 165 new cases have been detected

DUBAI: A curfew in Saudi Arabia’s Dammam, Taif and Qatif will start on Friday 3p.m. until further notice, state news agency SPA reported, citing Saudi Arabia’s Ministry of Interior.
An exception will be made to services and activities previously announced by the ministry. The decision is part of the country’s efforts to curb the spread of coronavirus.
Saudi Arabia announced on Thursday five deaths from coronavirus and said that 165 new cases have been detected. Of the new cases, 48 were detected in Makkah and 46 in Madinah.
The interior ministry implemented a 24-hour curfew in the two holy cities on Thursday to limit the spread of coronavirus.