Klaus Kleinfeld. Image courtesy: commons.wikimedia.org
Neom CEO named adviser to Saudi Crown Prince
JEDDAH, July 3, 2018
Klaus Kleinfeld, the chief executive officer of Saudi Arabia's ambitious Neom mega-project, has been appointed as an adviser to Crown Prince Mohammed bin Salman, reports said.
Nadhmi Al-Nasr, who has been the interim president for King Abdullah University of Science and Technology (KAUST), has been appointed the new CEO of Neom.
Kleinfeld, who had been tasked with developing the Neom project in northern Saudi Arabia, will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia, said a report in Arab News, which quoted a statement.
The German, who is former chairman and CEO of Alcoa and former president and CEO of Siemens, will begin his role on August 1, 2018.
Al-Nasr, who has over 30 plus years of experience with Saudi Aramco and KAUST, had worked on developing the strategy and development of Neom Bay, one of the initial stages of Neom's development, the report said.
The $500 billion mega city on the Red Sea coast is part of a huge national push to diversify Saudi Arabia's economy. Kleinfeld will retain a role as a board member at Neom.
