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View: Saudi reshuffle shows pressure on underperforming industries

Summary by Semafor
Matthew’s viewSaudi Arabia reshuffled the leadership of its mining and defense sectors, in a sign of renewed pressure on lagging areas of the economy sectors that are key to the kingdom’s diversification plans. Energy Minister Prince Abdulaziz bin Salman will now oversee the Industry and mineral resources ministry, replacing Bandar Al Khorayef, who was appointed to oversee the General Authority for Military Industries.The reshuffle follows the a…

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View: Saudi reshuffle shows pressure on underperforming industries

Matthew’s viewSaudi Arabia reshuffled the leadership of its mining and defense sectors, in a sign of renewed pressure on lagging areas of the economy sectors that are key to the kingdom’s diversification plans. Energy Minister Prince Abdulaziz bin Salman will now oversee the Industry and mineral resources ministry, replacing Bandar Al Khorayef, who was appointed to oversee the General Authority for Military Industries.The reshuffle follows the a…

·New York, United States
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Semafor broke the news in New York, United States on Monday, July 13, 2026.
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