H.E. Khalid Al-Falih
Ministry of Investment, Saudi Arabia
His Excellency Khalid A. Al-Falih is Minister of Investment for the Kingdom of Saudi Arabia.
Previously, he served as Minister of Energy, Industry and Mineral Resources from May 2016 through September 2019, and he served as Minister of Health and Chairman of the Saudi Arabian Oil Company (Saudi Aramco) Board of Directors from 2009 through 2015.
Prior to his appointment as Chairman, HE Al-Falih held key leadership positions across Saudi Aramco, to include serving as President and Chief Executive Officer from January 2009 through May 1, 2015. He also was Executive Vice President of Operations and Senior Vice President of Gas Operations and Industrial Relations, respectively.
Recognized for driving strategic organizational transformation throughout his three-decade career at Aramco, HE Al-Falih has led large-scale business initiatives and industrial projects, built capacity for the benefit of Saudi citizens through economic and social programs, and enhanced the performance and impact of complex organizations. For many years, he has taken a particular interest in leveraging business activities to fuel social development and economic diversification, fostering strong collaboration between Saudi Arabia’s public, private and academic sectors, and promoting the fields of science, technology, engineering and mathematics (STEM) among young people. HE Al-Falih remains committed to enriching society through the creation of new business and human resource development opportunities; the protection of the environment; the nurturing of entrepreneurship and innovation; and the creation of a knowledge-based society equipped to meet the challenges of the future. His appointment as Minister of Energy, Industry and Mineral Resources is a reflection of key economic and business changes as part of the Saudi Vision 2030, as well as recognition of H.E Al-Falih’s exceptional leadership and achievement.
In 2016, HE Al-Falih was named on the Forbes list of The World’s Most Powerful People, and in 2018, the Japanese government awarded him its national decoration, The Order of the Rising Sun.
HE Al-Falih earned a bachelor of science degree in Mechanical Engineering from Texas A&M University in 1982 and completed his MBA at KFUPM in 1991. In 2009, he received an honorary doctorate from the Korea Advanced Institute of Science and Technology and was awarded the King Abdulaziz Medal (First Class), Saudi Arabia’s highest civilian honor for service to the country. In 2016, he was recognized as Energy Intelligence Petroleum Executive of the Year.