Saudi Arabia has plans to create a higher committee for hydrocarbons

The kingdom’s economy, energy, finance and trade ministers will be a part of the committee, led by Crown Prince Mohammed bin Salman.

As per the state-run Saudi Press Agency, Saudi Arabia has plans to create a higher committee for hydrocarbons, led by Crown Prince Mohammed bin Salman.

As per the SPA, the decision was approved in a cabinet meet chaired by King Salman.

The statement on SPA mentioned, “The committee will be a reference for all hydrocarbon issues and everything relating to them and a representative of the state’s rights and linked to them.”

The new committee – The Higher Committee for Hydrocarbon Affairs – will also have the kingdom’s economy, energy, trade, finance and energy ministers as members.

The cabinet meeting on Tuesday was the first ever conducted in Neom, Saudi Arabia’s $500 billion planned city on the Red Sea coast.

As per SPA, King Salman also planned to “spend some time in rest and recreation” when he was there.

Follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, to get all the latest business news from the UAE and Gulf countries, which is updated daily.

 

more recommended stories

Get Amazing Stories

Get great contents delivered straight to your inbox everyday, just a click away, Sign Up Now
Email address
Secure and Spam free...

Get Amazing Stories

Get great contents delivered straight to your inbox everyday, just a click away, Sign Up Now
Email address