عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Kleinfeld Made Adviser to Crown Prince, Al-Nasr Becomes New NEOM CEO

Nadhmi Al-Nasr and Klaus Kleinfeld. Asharq Al-Awsat
Nadhmi Al-Nasr and Klaus Kleinfeld. Asharq Al-Awsat
TT
20
TT

Kleinfeld Made Adviser to Crown Prince, Al-Nasr Becomes New NEOM CEO

Nadhmi Al-Nasr and Klaus Kleinfeld. Asharq Al-Awsat
Nadhmi Al-Nasr and Klaus Kleinfeld. Asharq Al-Awsat

Klaus Kleinfeld, who was tasked with developing the NEOM project in the northwest of the Kingdom, has been appointed as an adviser to Saudi Crown Prince Mohammed bin Salman.

Kleinfeld “will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia,” said an official Saudi statement.

But he will retain a position on NEOM's board, it said.

The German, who is former chairman and CEO of Alcoa Inc., and former president and CEO of Siemens AG, is set to assume his role on August 1, with new NEOM CEO Nadhmi Al-Nasr taking the helm of the 26,500 square kilometre business zone on the same day.

Al-Nasr has been developing strategy for the project and has over 30 years of experience at national oil giant Saudi Aramco.

Most Viewed

 
Gulf

Saudi Arabia Welcomes Ceasefire Agreement in Yemen

The damaged Sanaa airport a day after Israeli airstrikes hit the premises, in Sanaa, Yemen, 07 May 2025. (EPA)
The damaged Sanaa airport a day after Israeli airstrikes hit the premises, in Sanaa, Yemen, 07 May 2025. (EPA)
TT
20
TT

Saudi Arabia Welcomes Ceasefire Agreement in Yemen

The damaged Sanaa airport a day after Israeli airstrikes hit the premises, in Sanaa, Yemen, 07 May 2025. (EPA)
The damaged Sanaa airport a day after Israeli airstrikes hit the premises, in Sanaa, Yemen, 07 May 2025. (EPA)

Saudi Arabia welcomed the ceasefire in Yemen, announced by Oman, aiming to protect international navigation and trade, the Kingdom's foreign ministry said on Wednesday.

It reiterated its support for all effort aimed at reaching a comprehensive political solution to the crisis in Yemen that would achieve security and stability in the country and region.

Oman said a day earlier that it mediated a ceasefire deal between Yemen's Iran-aligned Houthis and the US.

President Donald Trump announced on Tuesday the US would stop bombing the Houthis in Yemen, saying that the militants had agreed to stop attacking US ships.

The ceasefire deal does not include sparing Israel, the Houthis said on Wednesday, suggesting their shipping attacks that have disrupted global trade will not come to a complete halt.

There have been no reports of Houthi attacks on shipping in the Red Sea area since January.

The Houthis have been firing at Israel and at shipping in the Red Sea since Israel began its military offensive against Hamas in Gaza after the Palestinian group's deadly attack on Israel on October 7, 2023.

The US military has said it has struck more than 1,000 targets since its current operation in Yemen, known as Operation Rough Rider, started on March 15. The strikes, the US military said, have killed "hundreds of Houthi fighters and numerous Houthi leaders".