ECONOMY

Dr. Klaus Kleinfeld appointed advisor to NEOM Chairman, Nadhmi al-Nasr to be CEO

Dr. Kleinfeld will assume the role of Advisor to the Chairman of NEOM’s Founding Board and a member of the board, starting August 1st, 2018 while Nadhmi al-Nasr will take over as CEO. (AFP/Al Arabiya)

NEOM’s Founding Board has announced that its CEO Dr. Klaus Kleinfeld, will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia.

Dr. Kleinfeld will assume the role of Advisor to the Chairman of NEOM’s Founding Board and a member of the board, starting August 1st, 2018.

‏At the same date Nadhmi al-Nasr will take over as CEO of NEOM. ‏Nadhmi has over 30 plus years of experience with Saudi Aramco and most recently has been the Interim President for King Abdullah University of Science and Technology (KAUST).

Strategy and business

Nadhmi has held a wide range of responsibilities from developing strategy and business plans to leading major initiatives and projects.

‏Al-Nasr, a member in NEOM’s Founding Board, has worked on developing the strategy and development of NEOM Bay, one of the initial stages of NEOM’s development.

On August 1, Nadhmi will transition from leading NEOM Bay to become the overall CEO of NEOM. He will be responsible for further developing the strategy for NEOM and developing the business plans for the core economic sectors of NEOM.

Grand vision

Nadhmi is well-known for turning visions into realities and will help to serve as a catalyst for NEOM achieving its grand vision.

Klaus Kleinfeld started to lay foundation to the realization of NEOM in June 2017. He built up a team of world-class project people and developed – together with the founding board of NEOM - the strategy, the face and the future appearance of NEOM.

At the same time he built strong relations of NEOM to worldwide leading and acknowledged investors as well as highly regarded scientists, universities, developers, media and further potential partners. Among others he will contribute in various functions in order to enhance the Vision 2030.

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Last Update: Tuesday, 3 July 2018 KSA 01:54 - GMT 22:54
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