One of the architects of Saudi Arabia’s plan to diversify its economy has been shuffled aside
Khalid al-Falih, one of the architects of Saudi Arabia’s plan to diversify its economy beyond oil, lost his role as the kingdom’s chief industrial decision maker Friday, a move some Saudi officials said was due to his failure show progress on the kingdom’s crucial reform plans.
As part of a reshuffle, Mr. Falih will remain energy minister, but his broader industry portfolio will fall away. The Saudi government has appointed Bandar Al-Khorayef, a top executive at the Al-Khorayef Group, to the newly created position of industry...
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