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Saudi Arabia Appoints New Investment Minister to Drive Vision 2030

2/12/2026

Summary

Story summary

Saudi Arabia appointed Fahd bin Abduljalil bin Ali Al-Saif as investment minister, replacing Khalid Al-Falih.
The move aligns with the Public Investment Fund's upcoming five-year strategy and Vision 2030 plan.
The five-year strategy will focus on tourism, minerals, and artificial intelligence.
Al-Saif, formerly head of the Public Investment Fund's investment strategy, is expected to lead this economic transformation and oversee the reassessment of costly mega projects.

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Story summary

Saudi Arabia appointed Fahd bin Abduljalil bin Ali Al-Saif as investment minister, replacing Khalid Al-Falih.
The move aligns with the Public Investment Fund's upcoming five-year strategy and Vision 2030 plan.
The five-year strategy will focus on tourism, minerals, and artificial intelligence.
Al-Saif, formerly head of the Public Investment Fund's investment strategy, is expected to lead this economic transformation and oversee the reassessment of costly mega projects.