King Salman on Saturday issued a royal decree to remove the minister of labor Ali bin Nasser al-Ghafis from his position, according to state news.

 

Billionaire businessman Ahmed bin Suleiman al-Rajhi replaced Al-Ghafis as minister of labor and social development. 

 

Al-Rajhi is a well-seasoned Islamic banker, and one of Saudi Arabia's wealthiest businessman.

 

The ministry reshuffle comes as the Kingdom aims to create more job opportunities for young Saudis and narrow a 12 percent unemployment rate by 2022.

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