Nazaha uncovers SR2m graft in road project

Updated 04 April 2016

Nazaha uncovers SR2m graft in road project

RIYADH: The National Anti-Corruption Commission (Nazaha) has revealed administrative and financial irregularities of over SR2 million in a road construction project in Abha (Asir province).
Nazaha swung into action after receiving a tip-off from a citizen about the irregularities, Abdulrahman Al-Ajlan, the spokesman of the commission said.
An inquiry by Nazaha uncovered irregularities ranging from overestimation of the project cost to the amount of compensation paid to the property owners. The commission submitted its findings to the Bureau of Investigation and Public Prosecution and recommended action.
Al-Ajlan said the commission noticed various irregularities, such as tampering with the data. (Altering the dimensions of the land area in the sale deed of a citizen on July 27, 2010 contrary to the facts mentioned in the title issued in 1976.)
“The committee estimated the value of the expropriated property and found that it had been hiked to SR3,000 per square meter, compared to the purchase price from the citizen at SR65 per sq. meter” he said, adding that the figure had been inflated in the committee’s assessment.
The spokesman said the principle of transparency, protection of integrity in public dealings and combating corruption in all its forms as stipulated by the National Strategy for the Protection of Integrity and Anti-corruption had been flouted in the land transaction.

Khalid Al-Falih, Saudi minister of investment

Updated 29 February 2020

Khalid Al-Falih, Saudi minister of investment

Khalid Al-Falih was appointed as Saudi minister of investment after a royal decree issued on Feb. 25 created the new ministry.

He joined Saudi Aramco at the age of 19, and through the company went to Texas A&M University where he obtained a bachelor’s degree in mechanical engineering in 1982.

Nine years later, he gained a master’s degree in financial business administration from King Fahd University of Petroleum and Minerals, in Dhahran, and in 1998 completed a Harvard business program in global leadership.

In 1995, Al-Falih was appointed as head of Saudi Aramco’s service department and later that year was given responsibility for running the maintenance department at the Ras Tanura refinery in the Eastern Province.

After assuming a number of different roles within the company, he was promoted to the position of vice director of its excavation works unit. Within four months he was appointed supreme vice president of Aramco’s gasworks department and was selected for a similar position in the firm’s industrial relations department 14 months later.

Al-Falih became the executive vice president for company operations in September 2007 and held the post for nearly a year before a royal decree appointed him as CEO of Aramco.

In 2015, a royal decree tasked Al-Falih to health minister in the Kingdom but just over a year later he returned to Saudi Aramco as chairman of the board of directors after Tawfiq Al-Rabiah was appointed as the country’s health minister. In April 2016, Al-Falih became chairman of the board of directors of the Saudi Arabian Mining Co. (Maaden) and a few days later, a royal decree made him minister of energy, industry and mineral resources.

He was named on the Forbes list of The World’s Most Powerful People in 2016 and two years later the Japanese government awarded him its national decoration, The Order of the Rising Sun.