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

Updated 05 July 2018

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.


King Salman: G20 provided $11 trillion to overcome effects of COVID-19 pandemic under Saudi Arabia’s presidency

Updated 27 October 2020

King Salman: G20 provided $11 trillion to overcome effects of COVID-19 pandemic under Saudi Arabia’s presidency

  • King Salman said the Kingdom’s G20 presidency was keen to listen to various recommendations through ministerial meetings and working groups of G20

DUBAI: Saudi Arabia’s G20 presidency has contributed about $11 trillion to protect the global economy with a clear commitment and determination to do “whatever is necessary” to overcome the coronavirus pandemic.
In a speech read in behalf of King Salman during the handover the final communique of B20 Summit, investment minister Khalid Al-Falih said the Kingdom’s G20 presidency also pledged $21 billion to support the production, distribution, and availability of diagnostic and treatment tools, medicines and vaccines, a report from state news agency SPA said.
King Salman likewise said the Kingdom’s G20 presidency was keen to listen to various recommendations through ministerial meetings and working groups of G20, the report added.
“I would like to thank Business Group 20 and its partners from all countries of the world for their efforts during this exceptional period,” according to King Salman, adding that the goal of the Kingdom’s presidency of G20 is to “seize the opportunities of twenty-first century for all.”
“We cannot talk about “shaping new frontiers” in the G20 without discussing innovative solutions that contribute to developing the financial infrastructure, improving of the global trade systems, protecting of the private sector, restoring capital flows to emerging markets, and harnessing the digital economy tools that help us reach the desired financial inclusion during various circumstances,” King Salman said.
King Salman’s speech likewise lauded the “resilience and strength of the Saudi economy” amid the coronavirus pandemic and reiterated the Kingdom’s commitment to “increasing growth and prosperity levels through empowerment and investments in new sectors; especially the sectors that will lead the global recovery and protect countries from future pandemics.”