A Guide to Saudi Arabia's Plan to Reorganize Its Government

  • Oil minister, central bank head replaced in significant shift
  • Changes in line with `Saudi Vision 2030' announced in April

Saudi Arabia’s King Salman issued more than 50 royal decrees on Saturday reorganizing the government of the world’s largest oil exporter. In a statement published by the official Saudi Press Agency, the royal court said the changes were consistent with “Saudi Vision 2030,” the kingdom’s blueprint for the post-oil era, which was announced in April. The shifts will “focus and clarify responsibilities, and ease procedures to offer better services,” the royal court said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.