BREAKING NEWS

BREAKING NEWS

Klaus Kleinfeld appointed adviser to Saudi crown prince - Maaal

Now Reading:

Klaus Kleinfeld appointed adviser to Saudi crown prince - Maaal

Klaus Kleinfeld appointed adviser to Saudi crown prince - Maaal
Text size Aa Aa

DUBAI (Reuters) - Klaus Kleinfeld, a former chief executive of Siemens and Alcoa, has been appointed an adviser to Saudi Arabia's Crown Prince Mohammed bin Salman effective August 1, according to a report on the Maaal financial news website on Tuesday.

Kleinfeld will leave his current position as chief executive of NEOM, a planned mega-city and business zone in the kingdom, but will retain a position on its board, the report said.

Kleinfeld "will take over wider responsibilities to enhance the economic, technological and financial development of Saudi Arabia," the report said.

Nadhmi al-Nasr, who was tasked with developing the strategy for the mega-city and has more than 30 years of experience at oil giant Aramco, will take over as chief executive of NEOM, the report said.

(Reporting by Nayera Abdallah; Writing by Hadeel Al Sayegh; Editing by Darren Schuettler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.