Khalid A. Al-Falih

Khalid A. Al-Falih (Arabic: خالد الفالح Khālid al-Fāliḥ; born 1960) is Minister of Investment of Saudi Arabia since 25 February 2020.

[9][6] In July 1999, Al-Falih became president of Petron Corporation, a joint venture between Saudi Aramco and the Philippine National Oil Company.

He also served as chairman of the board of the South Rub' al-Khali joint venture between Shell, Total and Saudi Aramco.

[15][16][17] As Saudi Aramco's CEO, Falih headed the Manifa project, an oil field located in a bay along the coast of the Persian Gulf.

[18] The global oil economy caused prices to fluctuate dramatically, from a peak of almost $108 in June 2014 to $26 per barrel in February 2016, the lowest point since 2003.

[3] The national plan Vision 2030 announced in April 2016 is designed to reduce the Kingdom's dependence on oil revenue, a new direction which affected the makeup of Saudi ministries.

Minister Al-Falih urged fellow OPEC member countries to stop exceeding their output targets, and met with Venezuelan and Kazakh counterparts in August 2017 in order to extend the deal of cutting production until March 2018, by at least three more months.

On 25 February 2020, Al-Falih was appointed by a royal decree as Minister of Investment, a newly created ministry in Saudi Arabia.

His board memberships in other community-focused organizations include the Technical and Vocational Training Corporation, the Prince Sultan bin Abdulaziz Fund for Supporting Small Business Projects for Women, and the Eastern Province Society for the Handicapped.

Al-Falih with Austria's Foreign Minister Alexander Schallenberg on 12 September 2021