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Saudi Arabia

Dec 05, 2019

Understanding the Key Government Institutions and Ministries in the Kingdom of Saudi Arabia

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As a result of the new economic realities brought about by reduced global oil prices and the resultant reduction in the oil export revenues of the Kingdom of Saudi Arabia, for so long the country’s economic lifeblood, there are many significant changes taking place in the Kingdom. In response to these new economic realities, “Saudi Vision 2030”, a wide-ranging privatization and economic reform program, was released in early 2016 and sets out a vision for repositioning the Kingdom’s economy away from its dependence on oil export revenues and Government spending.

Certain Ministries and government entities have been allocated key roles in the implementation of Saudi Vision 2030, and as part of the implementation of the Vision, the Government has undergone a major restructure (largely through down-sizing and consolidation of Ministries) with the aim of allocating resources more efficiently and streamlining decision-making.

View full memo, Understanding the Key Government Institutions and Ministries in the Kingdom of Saudi Arabia.

Authors and Contributors

Marwan Elaraby

Partner

Capital Markets

+971 4 249 2123

+971 4 249 2123

+971 2 410 8123

+971 2 410 8123

Dubai

Dr. Sultan Almasoud

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

Riyadh

Rodney Cannon

Partner

Mergers & Acquisitions

+971 2 249 2126

+971 2 249 2126

Dubai

Matthew Powell

Partner

Mergers & Acquisitions

+971 4 249 2125

+971 4 249 2125

+971 2 410 8125

+971 2 410 8125

Dubai

Brendan Hundt

Counsel

Project Development & Finance

+966 11 213 7805

+966 11 213 7805

+971 2 249 2160

+971 2 249 2160

Riyadh