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.
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