Separating energy ministry from industry to boost economic growth, says Prince Abdulaziz bin Salman

The separation of the energy ministry from the industry and mineral resources sectors aimed to promote economic growth and increase non-oil state income, Minister of Energy Prince Abdulaziz bin Salman told CNBC Arabia.

The separation is not related to expediting Aramco’s public listing, but rather related to sustaining the independency of the industry and mining sector, he said.

It’s also related to implementing the National Industrial Development and Logistics Program, finding growth sources beyond energy, and generating new job opportunities, Prince Abdulaziz said.

All government agencies should work as one unit in order to achieve the objectives of Vision 2030, he added.

A royal decree issued recently has established a Ministry of Industry and Mineral Resources led by Minister Bandar Al-Khorayef, Argaam has reported.