Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO

Klaus Kleinfeld had started to lay foundation to the realization of NEOM in June 2017. (SPA/File)
Updated 03 July 2018
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Klaus Kleinfeld named adviser to Saudi crown prince, NEOM appoints new CEO

  • Kleinfeld is set to begin his role in August
  • Nadhmi Al-Nasr will take over from Kleinfeld as NEOM CEO

JEDDAH: Klaus Kleinfeld, who was tasked with developing the NEOM project in northern Saudi Arabia, has been appointed as an adviser to Crown Prince Mohammed bin Salman, the Kingdom announced.

Kleinfeld “will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia,” said a statement.

The German, who is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG, is set to begin his role on August 1, 2018, with new NEOM CEO Nadhmi Al-Nasr taking the helm of the ambitious Saudi project on the same day.

Al-Nasr, who has over 30 plus years of experience with Saudi Aramco and most recently has been the Interim President for King Abdullah University of Science and Technology (KAUST), had worked on developing the strategy and development of NEOM Bay, one of the initial stages of NEOM’s development.  


Nadhmi Al-Nasr, left, will replace Klaus Kleinfeld as CEO of NEOM in August

The Kingdom, in October 2017, announced plans to build the $500 billion mega city on the Kingdom’s Red Sea coast, as part of a huge national push to diversify its economy.

“The focus on these sectors will stimulate economic growth and diversification by nurturing international innovation and manufacturing, to drive local industry, job creation, and GDP growth in the Kingdom,” said Prince Mohammed, who is also the chairman of the Public Investment Fund (PIF).

“Klaus Kleinfeld had started to lay foundation to the realization of NEOM in June 2017. He built up a team of world class project people and developed – together with the founding board of NEOM — the strategy, the face and the future appearance of NEOM,” the statement said.


Russia to deliver first S-400 missile to Turkey in July: reports

Updated 26 June 2019
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Russia to deliver first S-400 missile to Turkey in July: reports

  • ‘We are making first delivery in July as part of out plans’

MOSCOW: Russia will make first delivery of the S-400 missile systems to Turkey in July, Russian news agencies cited the head of Russian state arms exporter Rosoboronexport saying on Wednesday, in accordance with the earlier-stated plans.
“We are making first delivery in July as part of out plans,” Alexander Mikheev is quoted as saying by RIA news agency.
The plans of Turkey, a NATO member, have irked Washington, which threatened with sanctions against Ankara if it goes ahead with the purchase.