Built to inform

Sign up for the daily newsletters

No, Thank you

Saudi’s Prince Abdulaziz Al Saud replaces Al-Falih as energy minister

Appointment initiated as part of Royal Order passed by Saudi Arabia's King Salman bin Abdulaziz Al Saud

Prince Abdulaziz bin Salman bin Abdulaziz Al Saud.
Arabian Business
Prince Abdulaziz bin Salman bin Abdulaziz Al Saud.

According to a Royal Order passed by Saudi Arabia's Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, on 7 September, 2019, Prince Abdulaziz bin Salman bin Abdulaziz Al Saud has been appointed as the kingdom's new Minister of Energy, replacing Eng Khalid Al-Falih who took up the post in May 2016.

The move comes a week after Al-Falih was replaced by HE Yasir Al-Rumayyan, advisor to the General Secretariat of the Council of Ministers and governor of the kingdom’s Public Investment Fund, as board chairman of Saudi Arabian oil giant Saudi Aramco, the world’s largest oil producer, ahead of its planned initial public offering (IPO).

Al-Falih took to his Twitter account to congratulate Prince Abdulaziz on the new role.

In another tweet he said: “I would like to thank all the colleagues, whom I was pleased to work with, for all the efforts installed to serve our generous country. I hope they achieve more excellence and success.”

Earlier this month, the kingdom established the Ministry of Industry and Mineral Resources and the Ministry of Energy, effectively separating the existing Ministry of Energy, Industry, and Mineral Resources, following Royal Orders issued by the Saudi Arabian government.

According to Arab News, Prince Abdulaziz was named Minister of State for Energy Affairs in 2017, prior to which he served as Assistant Oil Minister.

Prince Abdulaziz holds degrees from King Fahd University of Petroleum and Minerals, the report added. 

Most popular

Awards

Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to

Conferences

MOID's Anwaar Al Shimmari to deliver Leaders UAE 2019 keynote
Chief innovation officer at Ministry of Infrastructure Development to headline Dubai construction conference tomorrow

Latest Issue

Construction Week - Issue 749
Sep 15, 2019