Foreign Minister Prince Faisal bin Farhan Al Saud, Finance Minister Mohamed Al-Jadaan and Investment Minister Khalid Al-Falih will remain in their posts, Reuters reported. MBS (Mohammed bin Salman) has been promoted from Defense Minister to Prime Minister. He is the de facto ruler of Saudi Arabia and is seen as the greatest leader of the Gulf countries. Saudi Arabia, the world’s largest oil exporter, is a major US ally in the Middle East.
Defense self-reliance expected to reach 50%
A Saudi official said MBS’s new role as prime minister would include representing Saudi Arabia on foreign tours and presiding over the country’s conferences. MBS’s younger brother and former Deputy Defense Minister Prince Khalid bin Salman has now been made the country’s Defense Minister. According to the report, the Crown Prince said that the country has increased its self-sufficiency in military industries from 2 per cent to 15 per cent and plans to reach 50 per cent under the new Defense Minister.
King Salman to preside over cabinet meetings
According to the royal order, King Salman will still preside over the cabinet meetings he will attend. He was seen presiding over the weekly cabinet meeting on state TV. The custodian of Islam’s holiest sites, King Salman, 86, became ruler in 2015 after two-and-a-half years as crown prince. In the last two years, he has had to be hospitalized several times due to different ailments.