Ahmed Al-Sharaa Named Minister of Economic Development

Breaking News: Ahmed Al-Sharaa Appointed as New Minister of Economic Development in Bold Government Reshuffle

Riyadh, Saudi Arabia – May 14, 2025

In a surprising move, Saudi Arabia’s Crown Prince Mohammed bin Salman announced a major cabinet reshuffle today, with economist and reform advocate Ahmed Al-Sharaa being appointed as the new Minister of Economic Development.

Al-Sharaa, a well-respected figure in financial circles, has previously served as an advisor to the Saudi Central Bank (SAMA) and played a key role in drafting Vision 2030’s economic diversification policies. His appointment signals a renewed push toward privatization, foreign investment, and technological innovation in the Kingdom.

'Ahmed Al-Sharaa brings a wealth of experience and fresh ideas to the table,' said the Crown Prince in a televised statement. 'His leadership will be crucial in accelerating Saudi Arabia’s transition into a global economic powerhouse.'

Analysts suggest that Al-Sharaa’s immediate focus will be on reducing unemployment, boosting small and medium-sized enterprises (SMEs), and attracting high-tech industries to the Kingdom. His background in fintech and sustainable development has drawn praise from international investors.

The new minister is expected to unveil his economic strategy in the coming weeks, with rumors of new megaprojects and public-private partnerships already circulating.

Stay tuned for further updates on this developing story.

— Arabian Times

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