Saudi Arabia reshuffles government team in bid to attract more foreign investment

Issue 1098 - 05 Mar 2020 | 4 minute read

In a series of institutional and personnel changes announced on 25 February, King Salman Bin Abdelaziz ordered the Saudi Arabian General Investment Authority (Sagia) to be transformed into the Ministry of Investment. It will be led by Khalid Bin Abdelaziz Al-Falih, a high-profile figure who seemed to have fallen out of favour last year when the former high-flyer was stripped of his positions as chairman of Saudi Aramco and as energy, industry and mineral resources minister.

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