Economic Institutions and Organizations
Supreme Council for Economic Affairs and Investment
The Council, in general, specializes in all matters relating to the economy, energy, investment of the state's reserves, the development of public policies in the fields of economy, finance, commercial and energy. It also approves the plans required for the implementation and follow-up of these mattes, and approves the special projects for utilizing the state's natural resources, major industrial and economic projects undertaken by the state or authorities or institutions or public companies.
The Council proceeds with its functions related to the investment of the state's reserves by identifying objectives to be achieved from this reserve investment within the state's overall strategy. The Council also develops long-term policy for the reserve investment and investments in annual programs, in addition to identifying the banks and financial institutions that the reserve investment can be with or through them.