Mustafa Al-Mahdi, CEO of the Royal Commission for Jubail and Yanbu

Mustafa Al-Mahdi
Updated 20 November 2019

Mustafa Al-Mahdi, CEO of the Royal Commission for Jubail and Yanbu

Mustafa Al-Mahdi has been the CEO of the Royal Commission for Jubail and Yanbu since October 2018.
Al-Mahdi did his bachelor’s in electrical engineering at the King Abdul Aziz University in Jeddah in 1986. He continued doing different professional courses and certification programs from different countries around the world to keep himself abreast of the latest developments in his profession.
Al-Mahdi began his professional life at the Saudi Arabian Marketing and Refining Co, (SAMAREC). After a brief stint at SAMAREC, he joined the oil giant Saudi Aramco in 1993 as a coordinator at the Saudi Strategic Storage Division.
He climbed the corporate ladder at Aramco and served in key positions in different departments of the energy company.  In September 2013, he left Aramco as manager of the company’s Yanbu Refinery.
Subsequently, he freelanced as a business strategy consultant before his appointment as the chief executive officer at the Royal Commission for Jubail and Yanbu. He is also member of the board of directors at Marafiq.
On Monday, Indian Ambassador Dr. Ausaf Sayeed called on Al-Mahdi in Jubail. They discussed aspects of cooperation between Saudi Arabia and India. They reviewed ways to boost cooperation in the industrial sector.


G20 ready to limit effects of coronavirus on global economy, Saudi finance minister

Updated 50 min 27 sec ago

G20 ready to limit effects of coronavirus on global economy, Saudi finance minister

RIYADH: Finance officials from the Group of 20 major economies agreed on Sunday to continue monitoring the risk from the coronavirus outbreak and to adopt appropriate policies to limit the global economic impact, Saudi Arabia's finance minister said.
The two-day gathering in Riyadh was dominated by growing concern over the widening fallout from the coronavirus outbreak, with the International Monetary Fund predicting it would shave 0.1 percentage point off global growth. 
During the meeting, which also included central bank governors heads of international and regional organizations, under the Saudi G20 Presidency, was chaired by Saudi finance minister Mohammed Al-Jadaan and the Saudi Central Bank
governor Ahmed Al-Kholifey.
They also discussed the global economic outlook and possible policy responses to support growth and safeguarding against downside risks, as well as the priorities of the Saudi G20 presidency, under the theme of “Realizing Opportunities of the 21st Century for All.” 
They also addressed the tax challenges arising from the digitalization of the economy, utilizing the benefit of technology for infrastructure, developing domestic capital markets, and framing supervisory and regulatory issues for the digital era.