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Saudi Arabian General Investment Authority
The Ministry of Investment (MISA) (), till 2020 as the Saudi Arabian General Investment Authority (SAGIA) (), is a government ministry in Saudi Arabia that oversees foreign investment in the country besides issuing licenses to foreign investors. It was established as the General Investment Authority in 2000 during the reign of King Fahd and was transformed into a ministry in 2020 through a royal decree issued by King Salman. Khalid al-Falih, the former chairman of Saudi Aramco was appointed as the new minister by replacing governor Ibrahim al-Omar following the ministry's renaming. History and governance Historically, SAGIA held responsibility for issuing foreign investment licenses to non-Saudi companies that wished to operate in the Kingdom,Stephen KalinSaudi ex-energy minister bounces back as investment chief Reuters (February 25, 2020). and lacked a broader role in Saudi economic regulation. Prince Abdullah ibn Faisal ibn Turki al Abdullah Alsaud, a member of a side branch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Saudi Arabia
The politics of Saudi Arabia takes place in the context of a unitary absolute monarchy along Islamic lines, where the King is both the head of state and government. Decisions are, to a large extent, made on the basis of consultation among the King, the Council of Ministers, and the country's traditional elites. Most critics regard the Saudi government as a totalitarian state. The Basic Law of Saudi Arabia contains many characteristics of what might be called a constitution in other countries. However, The Qur'an is declared to be the official constitution of the country which is governed on the basis of Islamic law (Shari'a). The Allegiance Council is responsible to determine the new King and the new Crown Prince. All citizens of full age have a right to attend, meet, and petition the king directly through the traditional tribal meeting known as the majlis. The government is dominated by the vast royal family, the Al Saud, which has often been divided by internal disputes and i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalization
Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and State ownership, state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote that: "Success will go to those companies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Ministries Of Saudi Arabia
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed Bin Salman
Mohammed bin Salman Al Saud ( ar, محمد بن سلمان آل سعود, translit=Muḥammad bin Salmān Āl Su‘ūd; born 31 August 1985), colloquially known by his initials MBS or MbS, is Crown Prince and Prime Minister of Saudi Arabia. He also serves as the chairman of the Council of Economic and Development Affairs and chairman of the Council of Political and Security Affairs. He is considered the ''de facto'' ruler of Saudi Arabia, being deemed as such even before his appointment as prime minister in 2022. He served as minister of defense from 2015 to 2022. He is the seventh son of King Salman. Mohammed was born as the eldest of six children to Prince Salman bin Abdulaziz and his third wife, Fahda bint Falah Al Hithlain. After obtaining a law degree from King Saud University, he served as an advisor to his father. After Salman ascended the throne in January 2015, he appointed Mohammed as minister of defense, and Mohammed was also given the role of deputy crown prince ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Aramco
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of the largest companies in the world by revenue. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than , and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965. On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013 crude oil production total was , and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar Field ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khalid Al-Falih
Khalid A. Al-Falih ( ar, خالد الفالح '; born 1960) is Minister of Investment of Saudi Arabia since 25 February 2020. He served as Minister of Energy of Saudi Arabia and chairman of Saudi Aramco. He also has previously served as the Saudi Arabian Health Minister and Aramco's CEO. Early life and education Al-Falih was born in 1960 in Dammam, Saudi Arabia, where he was also raised. He attended Texas A&M University, graduating in 1982 with a bachelor's degree in mechanical engineering, and later pursued an MBA at the King Fahd University of Petroleum and Minerals, which he completed in 1991. Early years at Aramco: 1979–2008 Al-Falih joined Saudi Aramco ''(formerly, Aramco)'' in 1979. For over several years, he held positions of increasing responsibility and in 1992, he joined the Consulting Services Department (CSD). He supervised several technical units, mainly the Mechanical and Civil Systems Division and was named manager of CSD in January 1995. He was assigned as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab News
''Arab News'' is an English-language daily newspaper published in Saudi Arabia. It is published from Riyadh. The target audiences of the paper, which is published in broadsheet format, are businessmen, executives and diplomats. At least as of May 2019, ''Arab News'' was owned by Prince Turki bin Salman Al Saud, the brother of the ruling Crown Prince of Saudi Arabia Muhammad bin Salman (aka MBS). History ''Arab News'' was founded in Jeddah on 20 April 1975 by Hisham Hafiz and his brother Mohammad Hafiz. () It was the first English-language daily newspaper published in Saudi Arabia. ''Arab News'' is also the first publication of SRPC. The daily was jointly named by Kamal Adham, Hisham Hafiz and Turki bin Faisal. The paper is one of twenty-nine publications published by Saudi Research and Publishing Company (SRPC), a subsidiary of Saudi Research and Marketing Group (SRMG). The former chairman of SRMG and therefore, ''Arab News'' is Turki bin Salman Al Saud. He was succeeded by P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
King Abdullah Economic City
King Abdullah Economic City (KAEC, ; ar, مدينة الملك عبد الله الاقتصادية) is a megaproject announced in 2005 by King Abdullah bin Abdulaziz Al Saud, the former king of Saudi Arabia. It was one of six megaprojects that were announced in 2005 and is the only one that was launched. By 2018, ''The Financial Times'' wrote that the city had not attracted investment or become a hub for logistics and manufacturing, contrary to the grand plans behind the project. By 2018, the city had a population of 7,000. Overview With a total development area of 173 km² (66.8 sq mi), the city is located along the coast of the Red Sea, around 100 km north of Jeddah, the commercial hub of Saudi Arabia. The city is also approximately an hour and 20 minutes away from the city of Mecca, 3 hours from Medina by car and an hour away from all Middle Eastern capital cities by plane. The total cost of the city is around SR 207 billion, with the project being built by Emaar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pfizer
Pfizer Inc. ( ) is an American multinational pharmaceutical and biotechnology corporation headquartered on 42nd Street in Manhattan, New York City. The company was established in 1849 in New York by two German entrepreneurs, Charles Pfizer (1824–1906) and his cousin Charles F. Erhart (1821–1891). Pfizer develops and produces medicines and vaccines for immunology, oncology, cardiology, endocrinology, and neurology. The company has several blockbuster drugs or products that each generate more than billion in annual revenues. In 2020, 52% of the company's revenues came from the United States, 6% came from each of China and Japan, and 36% came from other countries. Pfizer was a component of the Dow Jones Industrial Average stock market index from 2004 to August 2020. The company ranks 64th on the Fortune 500 and 49th on the Forbes Global 2000. History 1849–1950: Early history Pfizer was founded in 1849 by Charles Pfizer and Charles F. Erhart, two cousins who had i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xylem Inc
Xylem Inc. is a large American water technology provider, in public utility, residential, commercial, agricultural and industrial settings. The company does business in more than 150 countries. Launched in 2011 as the spinoff of the water-related businesses of ITT Corporation, Xylem is headquartered in Rye Brook, New York, with 2018 revenues of $5.2 billion and 17,000 employees worldwide. Its products and services are focused in two areas: water infrastructure, which consists of businesses serving clean water delivery, wastewater transport and treatment, dewatering and analytical instrumentation; and applied water, which is residential and commercial building services companies, as well as industrial and agricultural applications. History On January 12, 2011, Xylem's parent, ITT Corporation announced its plan to separate the company into three, stand-alone publicly traded, independent companies". The future water company was named Xylem, pronounced zi-lem. (The name "Xylem", de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Vision 2030
Saudi Vision 2030 ( ar, رؤية السعودية ٢٠٣٠ ''ruʾyah al-suʿūdiyah'') is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism. Key goals include reinforcing economic and investment activities, increasing non-oil international trade, and promoting a softer and more secular image of the Kingdom. It also consists of increasing government spending on the military, as well as manufacturing equipment and ammunition. The first details were announced on 25 April 2016 by Crown Prince Mohammed bin Salman. The Council of Ministers has tasked the Council of Economic and Development Affairs (CEDA) with identifying and monitoring the mechanisms and measures crucial for the implementation of "Saudi Arabia's Vision 2030". In 2021, ''The Guardian'' wrote despite Saudi Arabia's commitment to diversify its economy, the government was still 75 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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