Khalid al-Falih

Saudi Arabia Budget Pushes Private Sector to Contribute

Jeddah - Muslimchronicle

Three Saudi officials have explained the impact of expansive spending on the private sector in the state budget of 2018. This comes after the kingdom's announcement on Tuesday of the biggest budget in the history of the country in terms of spending volume. In this context, Minister of Energy, Industry and Mineral Resources Khalid al-Falih, Minister of Commerce andRead more

Saudi calls for more measures to improve economic ties with Iraq

Riyadh - Muslimchronicle

In the latest sign of improving relations between Iraq and Saudi Arabia, the Kingdom’s oil minister attended an energy conference in the southern Iraqi port city of Basra on Tuesday. Khalid Al-Falih said Saudi Arabia wants to expand investment projects in Iraq to include energy, manufacturing and natural resources. “These are all considered important steps in bringing Iraq back toRead more

Saudi invites US firms to take part in nuclear program, minister says

RIYADH - Muslimchronicle

Saudi Arabia has invited US firms to take part in developing its civilian nuclear power program, and is not interested in any way in diverting nuclear technology to military use, energy minister Khalid Al-Falih told reporters on Monday. He was speaking after meeting with US Energy Secretary Rick Perry, who said it would be premature to make statements about agreementsRead more

Saudi government is keen to improve industry

Jeddah - Muslimchronicle

Saudi Arabia’s Energy Minister Khalid al-Falih said that the Gulf region can claim only two percent of the world’s $4 trillion a year in chemicals revenue, including all the branches of downstream value addition despite its commodity leadership position in oil and gas leadership and production. He said that this is largely due to the Gulf’s limited position in higherRead more

Saudi government supports public offering of Aramco

Riyadh - Muslimchronicle

Saudi Minister of Energy and Industry Khalid al-Falih supported the public offering of Saudi Aramco and confirmed the company has several elements that attract investments. Speaking before international investors in Riyadh, Falih stated that Aramco has the exclusive access to develop quarter of the world’s conventional crude resources, at the lowest cost producer. He added: “Saudi Aramco is going toRead more

60 Saudi firms participate in Baghdad trade fair

Baghdad - Muslimchronicle

Under the title “We liberated our land and with your cooperation we will build it,” Iraqi Trade Minister, Salman Al-Jumaili, launched the 44th Baghdad International Fair running from 21-30 October with Saudi Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih, attending. The opening ceremony was also attended by the governor of Baghdad, Hashem Mohammed Hatem, with the participation ofRead more

Saudi hopes to reach agreement with Russia over production cuts

Jeddah - Muslimchronicle

Saudi Arabia hopes to reach an agreement with Russia on what to do when a global oil output deal expires in March, before an OPEC meeting in November, Saudi Energy Minister Khalid al-Falih said in Moscow on Friday. “I am looking forward to reaching consensus working with you in the next few weeks before we have the November 30 meetingRead more

Saudi energy minister Al-Falih reiterates closer ties with China

Jeddah - Muslimchronicle

Minister of Energy, Industry and Mineral Resources Khalid Al-Falih pointed to closer economic ties with China in his address to the Saudi-Chinese Investment Forum. Al-Falih said the joint Saudi-Chinese Commission had worked on harmonizing Vision 2030 and the Chinese “Belt and Road” initiative. He said he hoped that both countries’ private sectors would cooperate in other fields – and thatRead more

Iraq and Saudi consider expanding mutual projects

Baghdad - Muslimchronicle

Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih discussed economic opportunities in a meeting with visiting Iraqi Oil Minister Jabar Al-Luaibi. Al-Falih told Arab News that they discussed Iraq’s huge mineral reserves, which have yet to be explored or invested in. They also discussed the country’s fertile agricultural land as Iraq is rich with water, he added. Al-Falih said Al-Luaibi,Read more

Private investors key to Saudi Arabia’s renewable energy plan

Jeddah - Arab Today

This was underlined last week when further details of the Kingdom’s renewable energy drive were laid out, which are distinct from earlier recommendations made by the King Abdullah City for Atomic and Renewable Energy (KACARE). There is a huge difference in the two approaches. The first initiative was considered by many analysts as over-optimistic, given the aim to generate aroundRead more