FaceOf: Nadhmi Al-Nasr, newly appointed CEO of NEOM

Updated 05 July 2018
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FaceOf: Nadhmi Al-Nasr, newly appointed CEO of NEOM

  • Beginning on Aug. 1, Al-Nasr, who is a member of Neom’s founding board, will transition from leading Neom Bay to becoming the overall CEO

Nadhmi Al-Nasr is the executive vice president for administration and finance at King Abdullah University of Science and Technology, a position he has held since 2008. 

On Tuesday, Al-Nasr was named as chief executive of Neom. 

Al-Nasr, who has more than 30 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 $500 billion mega city on the Kingdom’s Red Sea coast.

Beginning on Aug. 1, Al-Nasr, who is a member of Neom’s founding board, will transition from leading Neom Bay to becoming the overall CEO. 

His responsibilities will include furthering the strategic development, major initiatives, and business plans for NEOM’s core economic sectors.

Al-Nasr began his career with Saudi Aramco in 1978 after obtaining his BS in chemical engineering from King Fahd University of Petroleum and Minerals. At Aramco, Al-Nasr spent his first three years in engineering services. 

In 1981, he began working on the execution of the Kingdom’s Master Gas System — the largest industrial project of its kind at the time, where he divided his work between Houston and on-site at the Uthmaniyah Gas Plant. The program was completed in 1984. 

In 1991, he began managing the massive and aggressive crude expansion program in the Ghawar oilfield, ensuring the Kingdom’s ability to fill the production gap caused by the loss of oil output from Iraq and Kuwait during the Gulf War. 

In March 2014, Al-Nasr was appointed by royal decree to serve as a member on the advisory board of the Supreme Economic Council, and in July 2014, became a member of the Board of Trustees of the King Abdul Aziz Center for National Dialogue.


Saudi Cabinet welcomes Ethiopian, Eritrean peace agreement

King Salman chairs the Cabinet session in Jeddah on Tuesday. (SPA)
Updated 18 September 2018
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Saudi Cabinet welcomes Ethiopian, Eritrean peace agreement

  • The king briefed the Cabinet on the results of his meetings with Eritrea President Isaias Afwerki and Ethiopian Prime Minister Abiy Ahmed Ali to sign the Jeddah Peace Agreement
  • The king wished the two countries further security, prosperity and stability

JEDDAH: King Salman chaired the Cabinet’s session at Al-Salam Palace in Jeddah on Tuesday.

The king briefed the Cabinet on the results of his meetings with Eritrea President Isaias Afwerki and Ethiopian Prime Minister Abiy Ahmed Ali to sign the Jeddah Peace Agreement.

King Salman expressed his congratulations to the two countries and said that he hoped the signing of the agreement would be a strong basis for closer cooperation and friendship, achieving security and stability, and would positively affect the security and stability of the region.

The king also congratulated Djibouti and Eritrea on their historic meeting in Jeddah — which came in response to his invitation — wishing the two countries further security, prosperity and stability.

The Cabinet praised the efforts of the two countries’ leaders to restore relations between them to establish a new stage that would witness a great development in relations and further cooperation.

The Cabinet congratulated the king and crown prince on the success of these efforts, which resulted in the signing of the Jeddah Peace Agreement and also the historic meeting between Djibouti and Eritrea after ten years of severed relations. 

The Cabinet praised the resolutions of the 150th ordinary session of the Arab League’s Council at the level of foreign ministers held in Cairo, and the statement issued by the Arab Quartet Ministerial Committee held on the sidelines of the 150th session of the Arab League’s Council, on the follow-up of the crisis with Iran and ways to address its interference in the internal affairs of Arab countries.

The Cabinet highlighted the terrorism practiced by Iran through its interference in Arab affairs, which needs cooperation to confront and deter, reiterating that the Kingdom has made efforts to combat terrorism and has not hesitated to provide support with the cooperation of the international community to address this.

The Cabinet expressed the Kingdom’s strong condemnation of the suicide bombings north of Tikrit in Iraq, the Somali capital of Mogadishu and Nangarhar province in eastern Afghanistan, expressing condolences to the families of the victims, the governments and peoples of Iraq, Somalia and Afghanistan.