Al-Othman new SAGIA chief

Updated 22 May 2012

Al-Othman new SAGIA chief

JEDDAH: Abdullatif bin Ahmed Al-Othman, senior vice president of Saudi Aramco, has been appointed governor of Saudi Arabian General Investment Authority (SAGIA) with the rank of a minister. An MIT graduate, Al-Othman replaces Amr Al-Dabbagh.
"We have appointed Eng. Abdullatif bin Ahmed bin Abdullah Al-Othman as governor of SAGIA with the rank of a minister," a royal decree issued by Custodian of the Two Holy Mosques King Abdullah said yesterday.
Al-Othman thanked King Abdullah and Crown Prince Naif for the appointment and said he would work with SAGIA staff to realize the hopes and aspirations of the Saudi leadership.
King Abdullah issued two more decrees appointing Abbas bin Ahmed Hadi, deputy minister of housing, and Khaled bin Abdul Qader Taher mayor of Madinah, both with excellent ranks. Taher replaces Abdul Aziz Al-Hosain, who has been "relieved of his position as Madinah mayor upon his request."
Al-Othman, the new SAGIA chief, earned his bachelor's degree in civil engineering from King Fahd University of Petroleum and Minerals in Dhahran in 1979 and a master's degree in business management from MIT's Sloan School of Management in 1998.
He joined Aramco in 1981 and has over 30 years of experience in planning and managing oil and gas projects. He has participated in the execution of major hydrocarbon projects for the company. He was appointed the Saudi oil giant's senior vice president for engineering and project management on Aug. 29, 2011.
He was manager of the Project Support & Controls Department in the Project Management Division, also a manager of Contract Review and Cost Compliance in Finance. He also served as manager of Business Analysis in Corporate Planning in Aramco.
SAGIA has been playing an important role in attracting foreign investment and improving Saudi Arabia's competitiveness. Working in partnership with the world's most prestigious developers and investors, SAGIA initiated the establishment of four giant economic cities in Rabigh, Madinah, Hail and Jazan.
It has set up business centers to make investment easy in the Kingdom.


Ahmed Shaker, associate director of the Marina and Yacht Club in King Abdullah Economic City

Ahmed Shaker
Updated 1 min 10 sec ago

Ahmed Shaker, associate director of the Marina and Yacht Club in King Abdullah Economic City

  • Shaker served as the CEO of Mako Marine Consultancy from 2011 to 2017, operating with international partnerships between the US, Egypt, and Saudi Arabia

Ahmed Shaker has been the associate director of the Marina and Yacht Club in King Abdullah Economic City (KAEC) since 2017.
He has worked in the industry for almost 30 years and was the CEO and president of the Marine Development Establishment in Jeddah between 2014 and 2017.
Shaker also served as the CEO of Mako Marine Consultancy from 2011 to 2017, operating with international partnerships between the US, Egypt, and Saudi Arabia.
Mako Marine Consultancy specializes in the recreational marine business and marine tourism with projects including the design and fitting of marinas and waterfronts, marine retail, yacht fitting, building and management, and marine maintenance and security.
Shaker has had experience with other consultancy firms and in various supervisory roles, including as maritime director for Hazim Consulting, marina and watersports manager at King Abdullah University of Science and Technology, and project manager at Jazan Economic City. In addition, he has worked as a private consultant for marina developments. He studied marine geology at King Abdul Aziz University, from where he gained a bachelor’s degree in 1995. He holds a master’s degree in business management from Amstead University, Pennsylvania, and also studied marina management at the International Marina Institute, in the US.
Speaking to Arab News about the ongoing development of tourism in the Kingdom, Shaker said: “When we initially began thinking about tourism in the KAEC three years ago, we took into consideration international standards. After three years of hard work, we’ve finally achieved these high international standards and we’re ready for international tourists.”