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Saudi Arabia’s powerful Crown Prince Mohammed bin Salman has been appointed prime minister by a royal decree. The crown prince, who is heir to the throne held by King Salman; already wields wide powers and is seen as the kingdom’s day-to-day leader. The royal decree appointing him as prime minister was carried by the Saudi Press Agency. It said King Salman will continue to chair the Cabinet meetings that he attends.
The reshuffle kept another son, Prince Abdulaziz bin Salman; as energy minister, the king said in the royal decree, carried by state news agency SPA. Foreign Minister Prince Faisal bin Farhan Al Saud; Finance Minister Mohammed al-Jadaan and Investment Minister Khalid al-Falih remain in their positions, the decree showed. The crown prince, known as MbS, is promoted from defence minister and has been the de facto ruler of Saudi Arabia. The world’s biggest oil exporter and a major U.S. ally in the Middle East.
The crown prince said the kingdom has increased its self-sufficiency in military industries to 15% from 2%. And plans to reach 50% under the newly appointed defence minister, SPA reported. The 37-year-old crown prince, widely known by the acronym MBS; has taken the lead on Vision 2030, the kingdom’s wide-ranging plan to transform its economy and end its dependency on oil. Crown Prince Mohammed has changed Saudi Arabia radically since rising to power in 2017; leading efforts to diversify the economy from its dependence on oil
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