Saudi energy minister visits King Abdullah Economic City

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Saudi Arabia’s energy minister Khalid Al-Falih talks to officials of the Economic Cities Authority during his visit. (SPA)
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Saudi Arabia’s energy minister Khalid Al-Falih reviews the model of the Economic Cities Authority. (SPA)
Updated 15 April 2019

Saudi energy minister visits King Abdullah Economic City

JEDDAH: Saudi Arabia’s energy minister Khalid Al-Falih has visited on Sunday the Economic Cities Authority at the King Abdullah Economic City (KAEC).

Al-Falih reviewed during the visit the model of the Authority, and also toured a number of vital projects supervised by the authority. 

His Excellency was received by a number of officials, including the Secretary General of the Economic Cities Authority, Muhannad bin Abdul Mohsen Hilal.

The Secretary General expressed his hopes that the visit will contribute to enhancing the cooperation between all parties interested in developing and supporting the contribution of economic cities in achieving the aspirations of the Kingdom’s Vision 2030.

He also aims the project would provide government support through strategic initiatives and projects to build effective partnerships between the kingdom and the private sector to attract specific investments.

Al-Falih’s tour included the Industrial Valley at King Abdullah Economic City, Pfizer Factory, one of the largest pharmaceutical factories in the Industrial Valley, Mars Factory, the world’s leading chocolate company, and Fursan Ceramics company. 

Finance officials meet to map out Saudi Arabia’s budget plans

Updated 19 April 2019

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.