Ministry of Commerce and Investment Strategic Plan 2019 - 2021

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Based on the Ministry of Commerce and Investment's keenness to play a pivotal role in the sustainable development of the trade and investment sector in the Kingdom, and as a kind of contribution for the realization of the objectives of the National Transformation Program 2020, also for fulfilling the aspirations of the Kingdom's Vision 2030, MCI has updated its strategic plan, according to the best practices adopted in the World Strategic Planning. Thus providing a comprehensive and integrated road map, in order to achieve the Ministry's ambitious vision; that is to occupy a leading position for the Saudi trade and investment sectors in a fair and stimulating environment that goes in line with the rapid changes and developments witnessed by the global trade and investment sector. MCI is endeavoring to enhance and promote the Kingdom's economic position, so that to be a favorite destination for trade and investment in the Middle East and worldwide.

The Ministry's mission focuses on the pivotal role it plays for improving the business and investment environment in the Kingdom. This can be achieved by developing, supervising and implementing flexible and fair trade policies, rules and regulations, also by having strong strategic partnerships with various local and international stakeholders. This would enhance the trust between the trader and consumer, and this would contribute as well to maximize the role of the commercial sector for supporting and having a sustainable national economy. All that can be done through an integrated and deeply rooted values, which ensure justice, respect for rights, creativity, teamwork, rapid response and on-going endeavor to provide value-added services that exceed the expectations of all clients.

Vision:
To achieve a leading position for the Saudi trade and investment sectors in a fair and stimulating environment.

Mission:
Enhancing and promoting the capacities of the trade and investment sectors, as well as protecting the rights and interests of beneficiaries, through developing and establishing effective implementing policies and mechanisms that would contribute to a sustainable economic development.

Values:
  • Respect for Rights
  • Rapid Response
  • Teamwork
  • Initiative
  • Creativity

Main Pillars:
  • Prosperous Trade
  • Firm Investment
  • Institutional Excellence
Strategic Objectives

Main Pillars
Strategic Goal
Prosperous Trade
  • Enhance and maximize the customers' trust.
  • Ensure the sustainability of the strategic stock of basic commodities.
  • Promoting the retail sector and enhancing sound business practices.
Firm Investment
  • ​Improving and promoting the business environment.
  • Strengthening and stimulating E-Commerce in the Kingdom.
Institutional Excellence

 

  • Improve the efficiency of resource utilization in the Ministry.
  • Upgrading and promoting the quality of the Ministry's services, provided to the clients, in accordance with the standards of the institutional excellence.
  • Enable and apply the highest levels of digital services in the Ministry.
  • ​Creating and Promoting an internal work environment that stimulates and incubates innovation and creativity.


The Most Important Future Initiatives



Initiative
Description
Setting up a Program for E-Commerce Development
To coordinate the efforts of all stakeholders involved in the development of e-commerce industry and to develop solutions to eliminate obstacles among all parties concerned in the e-commerce process, such as consumers, vendors and government legislators.
Comprehensive Service Centers (Meras)

This initiative aims to facilitate and ease the procedures of practicing business at all stages by providing the relevant services for local and foreign investors, as well as for men and women entrepreneurs in an integrated and easy way. This is through providing the government and value added services through certain service centers and through e-services, in coordination and integration with the relevant authorities.​

Establishing the Saudi Center for Economic Works
This Center provides a new concept, as a service and control party for business and investment, for all legal entities in the Kingdom, aiming at providing integrated solutions for commercial and investment services at all government agencies and the private sector, in order to facilitate and ease practicing business in the Kingdom. Particularly, starting up a business and ensuring the continuation of practicing that at high efficiency.
Addressing and Combating the Commercial Concealment
​This initiative aims at addressing the commercial concealment in various sectors of the Saudi market; that is by studying each business sector separately and identifying the causes of commercial cover-up and trying to combat and eliminate such phenomenon. Thus eliminating the commercial concealment before it occurs through applying a new approach that includes: Developing regulations and standards for all sectors, forcing enterprises to use the technical systems that would link them directly with the banks, so that to track and control their banking transactions, enabling foreigners to own properties in such institutions.
Launching  and operating  a Center for Recalling Defective productsDeveloping the website of Recalling Center to provide interactive services to consumers and traders, in addition to launching an awareness and marketing campaign, so that to make the consumer aware of  his rights, regarding the recalling campaigns, besides urging the consumer to avail of such services, also explain the most prominent characteristics of the website, in addition to updating the recalling list to include all products controlled and supervised by MCI, as well as sign agreements and partnerships with the concerned parties, relevant to Recalling Defective Products, also providing a suitable center for Recalling Defective Products that meets the work requirements.

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Last Modified 03 Jul 2019
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