Who is the Saudi candidate for the presidency of “world trade”? Saudi News

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Saudi Arabia recently announced the nomination of Adviser to the Royal Court, Mohamed Al-Tuwaijri, to take over as Director-General of the World Trade Organization.

Al-Tuwaijri held the position of Minister of Economy and Planning in addition to his membership in the Council of Ministers and the Council of Economic Affairs and Development from 2017 to 2020, he held the position of Deputy Minister of Economy and Planning, and the Secretary-General of the Finance Committee at the Royal Court from 2016 to 2017, in addition to assuming the position of Deputy Chairman of the Board of Directors of the Development Fund QNB, presiding over the National Transformation Program, and establishing strategic partnerships in several countries.

Al-Tuwaijri previously held the position of Chairman of the General Authority for Statistics, and also headed the Board of Directors of the National Privatization Center, in addition to his membership in the Board of Directors of Aramco and the Public Investment Fund. He served as CEO and Vice President of HSBC for the Middle East and North Africa. From 2010 to 2014 Al-Tuwaijri was the Regional Head of Banking Services at HSBC in the MENA region. JP Morgan CEO in the Kingdom from 2007 to 2010.

Al-Tuwaijri appeared on the Forbes Middle East Local list for 2014 and 2015 among the best regional CEOs for international companies. He obtained a Bachelor’s degree in Aviation Science from King Faisal Air College. And a Master’s degree in Business Administration from King Saud University with honors.

Al-Tuwaijri participated in the meetings of the General Council of the World Trade Organization, presented his vision and program to delegates of member states and answered their questions last Friday, with the remaining 7 candidates.

Al-Tuwaijri stressed, in a press conference held at the organization’s headquarters, that “the World Trade Organization is in a recession, and that reform is not an option; Rather, it is absolutely necessary more than ever, and the world is going through great changes that have affected the flow of global trade. ”

The former minister also emphasized in a hypothetical meeting with the media that Saudi Arabia is a balanced trading partner with all countries of the world and rushed to implement the requirements of the World Trade Organization, explaining that the timing of the organization’s presidency is very sensitive, so the organization must be ready for the challenges of the 21st century and e-commerce, It needs a lot of reforms, especially since it has a complex system.

Al-Tuwaijri looks forward to leading the organization and implementing reforms with the consensus of all members, and to be an effective link between members to reach understandings and activate the negotiating tracks with reliance on a governance mechanism, and follow-up performance through clear measurement indicators.

The Saudi consultant pointed out that «the Kingdom’s vision 2030 has two depths that affect the world trade organization, namely the Arab depth, and that the Kingdom is a link between the three continents».

The liquidation between the two candidates is scheduled to take place starting next September 8, according to a two-month consensus mechanism.



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