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Economic Affairs


The Economic Affairs Sector at the Ministry of Economy and Commerce is responsible for developing and managing economic policies based on a macro-economic model that ensures a balanced and stable economy. The division is also responsible for recommending policies aimed at ensuring price stability, promoting job creation, as well as boosting investments and supporting income growth.

The Economic Policies Department is responsible for assessing economic partnership agreements, supervising their implementation and preparing regular evaluation reports on the progress of economic relations as to advance the state's development plans.

The Business Development and Investment Promotion Department is tasked with recommending policies and programs to develop the business sector, encourage local investments and attract foreign investments. The Investment Promotion department is also responsible for assessing investments and determining partnership opportunities between the private and public sector. The department also evaluates policies aimed at diversifying income sources and supporting sustainable development.