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Faisal bin Fadhil Alibrahim (Arabic: فيصل بن فاضل الإبراهيم) is the Minister of Economy and Planning of Saudi Arabia. Alibrahim previously served as Vice Minister of Economy and Planning (6 February 2018 – 3 May 2021), Supervisor of the Secretariat of the Council of Economic and Development Affairs, and Secretary of the board of directors of the National Development Fund ...
The Ministry of Economy and Planning (MEP) (Arabic: وزارة الاقتصاد والتخطيط) is one of the governmental bodies of Saudi Arabia and part of the cabinet. The ministry has the function of developing and implementing five-year plans which reflect the long-term economical targets of the country. The ministry is assumed by Faisal ...
Politics of Saudi Arabia. The Saudi Council of Ministers (Arabic: مجلس الوزراء السعودي Majlis al-Wuzarā' as-Su'ūdī) is the cabinet of the Kingdom of Saudi Arabia. It is led by the King. The council consists of the king, the Crown Prince, and cabinet ministers. The Crown Prince is also the Prime minister and Chairman of the ...
Ministry of Communications and Information Technology: Abdullah Alswaha: 1926 www.mcit.gov.sa /en / Ministry of Culture: Badr bin Abdullah Al Saud: 2018 www.moc.gov.sa /en: Ministry of Defence: Khalid bin Salman Al Saud: 1943 www.mod.gov.sa /en: Ministry of Economy and Planning: Faisal F. Alibrahim: 1970 www.mep.gov.sa /en: Ministry of ...
The Saudi Council of Economic and Development Affairs is one of two subcabinets of the Kingdom of Saudi Arabia. It was established by King Salman to replace the Supreme Economic Council, and is led by the King Salman’s son and Crown Prince Mohammad bin Salman, who holds additional roles such as Defense minister. [1][2]
The economy of Saudi Arabia is the second-largest in the Middle East and the seventeenth-largest in the world. [6] The Saudi economy is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
Website. pif.gov.sa. The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion (£ 726.3 billion). [ 2 ] It was created in 1971 for the purpose of investing funds ...
The Ministry of Finance was tasked with regulating, managing and securing the collection of state funds, and oversight of expenditures, and became the general authority for financial matters in the Kingdom of Hejaz and Nejd and its territories. Royal Decree No. 1697 was issued on 27 June 1953 establishing the Ministry of Economy to replace the ...