Ministry of Economy and Planning

Ministry of Economy and Planning
Ministrial Department overview
Formed 2003 (2003)
Preceding agencies
  • Central Planning Organization
  • Ministry of Planning
Jurisdiction Saudi Arabia
Headquarters Riyadh
Minister responsible
Website Official website

The Ministry of Economy and Planning is one of the governmental bodies of Saudi Arabia and part of the cabinet. The ministry has the function of developing and implementing five-year plans which reflect the long-term economical targets of the country.

History

The ministry of economy was established in 1953.[1][2] However, the body was not functional[1] and was disestablished in 1954.[2]

The ministry of economy and planning was formed in 2003 when the ministry of planning and economy department were merged.[3][4] Until 2003 the ministry of planning was in charge of development and implementation of five-year plans.[3][5] The ministry is based in Riyadh.[6]

Since its foundation in 2003, the ministry has been headed by three ministers. The first minister was Khalid bin Mohammed Al Gosaibi who was appointed to the post in April 2003.[7] Mohammad Al Jasser was the minister of economy and planning from December 2011 to April 2015.[8][9] Then Adel Fakeih was appointed the minister of economy and planning in April 2015.

Functions

The major function of the ministry is to prepare the development plans of the country.[10] It has various major agencies including the central department of statistics and the national computer center.[3][11]

References

  1. 1 2 Steffen Hertog (2007). "Shaping the Saudi state: Human agency's shifting role in the rentier state formation" (PDF). International Journal Middle East Studies 39: 539–563. doi:10.1017/S0020743807071073. Retrieved 4 January 2014.
  2. 1 2 Ghassane Salameh; Vivian Steir (October 1980). "Political Power and the Saudi State". MERIP Reports (91). Retrieved 16 March 2015.
  3. 1 2 3 "Ministry of Planning and National Economy". SAMIRAD. Retrieved 27 September 2013.
  4. ↑ Michael O'Kane (March 2013). Doing Business in Saudi Arabia. Michael OKane. p. 21. ISBN 978-0-615-43178-9. Retrieved 2 October 2014.
  5. ↑ "Arabic, Arabists and Academia". Saudi Aramco World 30 (3). May–June 1979. Retrieved 11 October 2013.
  6. ↑ Basic addresses OSCE. September 2011. Retrieved 5 February 2014.
  7. ↑ "Saudi Cabinet reshuffle". SAMIRAD. Riyadh. 30 April 2003. Retrieved 27 September 2013.
  8. ↑ Glen Carey (13 December 2011). "Saudi Arabia’s King Appoints New Economic Team Amid Record Spending Plans". Bloomberg. Retrieved 27 September 2013.
  9. ↑ "Profile-Saudi Economy and Planning Minister Muhammad Al Jasser". Reuters. 15 December 2011. Retrieved 2 October 2014.
  10. ↑ "Economy and Planning organizes the 10th development plan workshop". Saudi Business News. Retrieved 2 October 2014.
  11. ↑ "System of General Statistics". Central Department of Statics and Information. Retrieved 27 September 2013.
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