Separating energy ministry from industry to boost economic growth, says Prince Abdulaziz bin Salman

14/09/2019 Argaam

 

The separation of the energy ministry from the industry and mineral resources sectors aimed to promote economic growth and increase non-oil state income, Minister of Energy Prince Abdulaziz bin Salman told CNBC Arabia.

 

The separation is not related to expediting Aramco’s public listing, but rather related to sustaining the independency of the industry and mining sector, he said.

 

It’s also related to implementing the National Industrial Development and Logistics Program, finding growth sources beyond energy, and generating new job opportunities, Prince Abdulaziz said.

 

All government agencies should work as one unit in order to achieve the objectives of Vision 2030, he added.

 

A royal decree issued recently has established a Ministry of Industry and Mineral Resources led by Minister Bandar Al-Khorayef, Argaam has reported.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.