Ministry of Commerce and Industry (MOCI)

The Ministry of Commerce and Industry (MOCI) in Kingdom of Saudi Arabia is the body which is responsible for commerce and industry sector. Since its formation, The Ministry has been keen to develop and expand domestic and foreign trade, to adopt initiatives fostering the role of the private sector to allow its effective participation in various economic booms and to supervise chambers of commerce and industry by encouraging them to provide the best services to the business community.

The Ministry of Commerce and Industry (MOCI) has sought participation in developing trade relations with most of the countries, thus ensuring the implementation of the Kingdom’s trade and supply policies. The Ministry of Commerce and Industry (MOCI) has proposed development of trade regulations that cope with the requirement of trade sector, its facilities processes and the interconnecting relations of the Saudi business community. The Ministry endeavored and followed up the joining of the Kingdom to the World Trade Organization WTO.

The industrial development is considered one of the strategic goals of the economic development. Hence, The Ministry of Commerce and Industry (MOCI) developed the industrial policy of the Kingdom to cope with the importance of manufacturing as an ideal alternative to expedite the realization of one of the development objectives, which targets diversification of the production basis, reduction of dependence on production and export of raw oil, increasing of the role of the private sector and its contribution to the development process, provision of new job opportunities, development of the national manpower and establishing a solid technical foundation.

The Kingdom have provided numerous incentives for the investors in the field of industry, through loans, custom exemptions and lands. Hence, industrial cities were established with complete services in different parts of the Kingdom, in addition to the two giant Jubail and Yanbu Industrial cities. The foreign investment policy in the Kingdom was upgraded so as to cope with the international economic development and to provide the investors with many new incentives.

In continuation to the previous participations, the Kingdom of Saudi Arabia shall participate in the 13th GCC Industrialists’ Conference and the International Exibition,