SAC Ensures Global Foothold of Saudi Quality Control

Saudi Trade and Investment Minister Majid bin Abdullah Al Qasabi. Asharq Al-Awsat
Saudi Trade and Investment Minister Majid bin Abdullah Al Qasabi. Asharq Al-Awsat
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SAC Ensures Global Foothold of Saudi Quality Control

Saudi Trade and Investment Minister Majid bin Abdullah Al Qasabi. Asharq Al-Awsat
Saudi Trade and Investment Minister Majid bin Abdullah Al Qasabi. Asharq Al-Awsat

The Saudi cabinet has approved granting the Saudi Accreditation Committee independence, rebranding it as the Saudi Accreditation Center (SAC).

Such a move is set to widen the horizon and reinforce the center’s performance and works.

SAC is a new platform aimed at increasing quality control for services and products offered in the Kingdom, contributing more to achieving the objectives of Kingdom Vision 2030.

It is expected to contribute indirectly to achieving four of the first level targets for Vision 2030: Developing and diversifying the economy, enhancing government effectiveness, enabling a healthy living, and increasing employment rates.

Over the past years, SAC has been responsible for the policy-making process when it comes to accreditation regulations, as well as the granting, renewing, freezing, withdrawing, expanding and limiting accreditation for certification-issuing third parties.

Saudi Trade and Investment Minister Majid bin Abdullah Al Qasabi noted that the SAC rebranding and structural shakeup will aid the Kingdom in taking longer strides towards completing a reliable and impartial national quality-regulation infrastructure with international recognition.

“Independent accreditation is an essential step in the right direction to avoid conflicts of interest, ensure the integrity of national infrastructure activities for quality, and gain international recognition,” Qasabi said.

Qasabi also affirmed SAC will indirectly contribute to developing and diversifying the economy and enhancing institutional efficiency.

This follows SAC successfully accomplishing digitization for all its accreditation activity, which has contributed significantly to enabling beneficiaries, residents and committee members to access the Commission's services, complete accreditation procedures and follow-up online.

This has significantly reduced the period of processing from an average of 260 days, when the system is introduced in 2016, to 175 days in 2018.

The national accreditation body holds core values of impartiality, integrity, competency and teamwork spirit and looks to partake in developing the Kingdom’s economy by raising the level of technical competency, establishing conformity in terms of certification-granting bodies and insuring better consumer protection. 



Saudi Non-Oil Exports Hit Two-Year High

The King Abdulaziz Port in Dammam, eastern Saudi Arabia. (“Mawani” port authority)
The King Abdulaziz Port in Dammam, eastern Saudi Arabia. (“Mawani” port authority)
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Saudi Non-Oil Exports Hit Two-Year High

The King Abdulaziz Port in Dammam, eastern Saudi Arabia. (“Mawani” port authority)
The King Abdulaziz Port in Dammam, eastern Saudi Arabia. (“Mawani” port authority)

Saudi Arabia’s non-oil exports soared to a two-year high in May, reaching SAR 28.89 billion (USD 7.70 billion), marking an 8.2% year-on-year increase compared to May 2023.

On a monthly basis, non-oil exports surged by 26.93% from April.

This growth contributed to Saudi Arabia’s trade surplus, which recorded a year-on-year increase of 12.8%, reaching SAR 34.5 billion (USD 9.1 billion) in May, following 18 months of decline.

The enhancement of the non-oil private sector remains a key focus for Saudi Arabia as it continues its efforts to diversify its economy and reduce reliance on oil revenues.

In 2023, non-oil activities in Saudi Arabia contributed 50% to the country’s real GDP, the highest level ever recorded, according to the Ministry of Economy and Planning’s analysis of data from the General Authority for Statistics.

Saudi Finance Minister Mohammed Al-Jadaan emphasized at the “Future Investment Initiative” in October that the Kingdom is now prioritizing the development of the non-oil sector over GDP figures, in line with its Vision 2030 economic diversification plan.

A report by Moody’s highlighted Saudi Arabia’s extensive efforts to transform its economic structure, reduce dependency on oil, and boost non-oil sectors such as industry, tourism, and real estate.

The Saudi General Authority for Statistics’ monthly report on international trade noted a 5.8% growth in merchandise exports in May compared to the same period last year, driven by a 4.9% increase in oil exports, which totaled SAR 75.9 billion in May 2024.

The change reflects movements in global oil prices, while production levels remained steady at under 9 million barrels per day since the OPEC+ alliance began a voluntary reduction in crude supply to maintain prices. Production is set to gradually increase starting in early October.

On a monthly basis, merchandise exports rose by 3.3% from April to May, supported by a 26.9% increase in non-oil exports. This rise was bolstered by a surge in re-exports, which reached SAR 10.2 billion, the highest level for this category since 2017.

The share of oil exports in total exports declined to 72.4% in May from 73% in the same month last year.

Moreover, the value of re-exported goods increased by 33.9% during the same period.