Bandar Alkhorayef, minister of industry and mineral resources

Industry and Mineral Resources Minister Bandar Alkhorayef
Updated 02 September 2019

Bandar Alkhorayef, minister of industry and mineral resources

Bandar Alkhorayef is the newly appointed minister of industry and mineral resources.

King Salman issued a royal decree on Friday creating the Ministry of Industry and Mineral Resources, which will assume its duties at the beginning of the next fiscal year.

Alkhorayef has 25 years’ experience in leading industrial, commercial and investment positions. 

He has a BA in international agriculture from King Saud University, and several certificates in business administration and international business from Switzerland’s International Institute for Management Development.

A top executive at Alkhorayef Group, he is also vice chairman of the Arabian Agricultural Services Co., a board member at the Riyadh Chamber of Commerce and Industry, a member of the Saudi Economic Association, a member of the National Industrial Committee, a member of the board of trustees at the Riyadh Economic Forum, and a member of the Charitable Society for Orphans Care.

He has been CEO of Alkhorayef Printing Solution since 1993, and a member of the board of Alkhorayef Commercial Co., Alkhorayef Petroleum Co. and MaCeen Capital. 

He also served as chairman of Middle East Food Solutions Co. and Al-Dukheil Financial Group, as well as a member of the board at Castrol.

The newly appointed minister  was a board member at Al-Watan newspaper from 2000 to 2016, Amaco from 2009 to 2013, Saudi Finance House from 2009 to 2011, and Sama Airlines from 2005 to 2010.

Houthi attack on Saudi Aramco facilities act of terror: Japanese defense minister

Updated 18 min 41 sec ago

Houthi attack on Saudi Aramco facilities act of terror: Japanese defense minister

TOKYO: Taro Kono, the defense minister of Japan, said that threats to his country’s oil supply was the “most worrying scenario” he could imagine in international relations, in the wake of attacks on Saudi Arabian oil production facilities. 

“The most pessimistic scenario right now is that something happens in the Straits of Hormuz and the oil supply gets cut down, and that would send a shock wave through the global economy. I think the price of oil is already rising after this attack on Saudi facilities, so that’s the most worrying scenario right now,” he told a conference in Tokyo, Japan.

However, speaking on the sidelines to Arab News, he insisted that Saudi Arabia would remain a reliable partner of Japan - which imports around 40 per cent of its crude from the Kingdom - and downplayed concerns about long-term supply problems.

“Saudi has been and will be an important source of our energy supply. We have international co-ordination, and we have reserves, so we are not really worried about that,” he said. 

Kono, who was until recently Japan’s foreign minister, said that his country would be seeking to promote diplomatic solutions to the latest Middle East conflagration. "We definitely need to ease the tension between those countries. As Foreign Minister, the last thing I was doing was calling the Iranian Foreign Minister and the French Foreign Minister to ease the tension the region through diplomatic actions, and I think it's important to continue doing it.

“This Houthi attack on Saudi is a little different, because it's a terrorist attack. I think we may require some kind of military operation against those drone attacks, and that's something out of Japan's constitutional boundary. I think Japan will be focusing on diplomatic efforts in easing tension in the region.”

He raised concerns about the apparent lack of sophistication in the recent attacks. “If it is really drones, that is a lot cheaper than any form of conventional missile,” he said.