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Extraction Summary

1
People
11
Organizations
1
Locations
2
Events
2
Relationships
3
Quotes

Document Information

Type: Financial research report / white paper
File Size: 1.91 MB
Summary

This document is page 5 of a Merrill Lynch research report (GEMs Paper #26) dated June 30, 2016, detailing the governance model of Saudi Vision 2030. It outlines the centralization of power under the Council of Economic and Development Affairs (CEDA), chaired by then-Deputy Crown Prince Mohammed bin Salman, and describes major strategic programs including the restructuring of the Public Investment Fund (PIF) into a $2 trillion sovereign wealth fund and the transformation of Saudi Aramco. The page contains a governance hierarchy diagram and a table listing various strategic programs and their status.

People (1)

Name Role Context
Mohammed bin Salman Deputy Crown Prince
Chair of the Council of Economic and Development Affairs (CEDA)

Organizations (11)

Name Type Context
Merrill Lynch
Author of GEMs Paper #26
BofA Merrill Lynch Global Research
Cited in table source
Saudi Vision 2030
Subject of the report
Council of Ministers
Governing body to which CEDA reports
Council of Economic and Development Affairs (CEDA)
Centralized decision-making body chaired by Mohammed bin Salman
Public Investment Fund (PIF)
Being restructured into a US$2trn fund
Saudi Aramco
Undergoing strategic transformation into an energy and industrial conglomerate
Ministry of Economy and Planning
Retains important role in the governance model
Ministry of Finance
Described as having lower emphasis in the new model
Royal Court
Location for a proposed Decision Support Center
General Authority for Endowments (Awqaf)
Mentioned in relation to new laws

Timeline (2 events)

2020
Target to achieve fiscal balance
Saudi Arabia
Saudi Government
2020
Interim Key Performance Indicators (KPI) targets to be achieved
Saudi Arabia
National Transformation Plan Program

Locations (1)

Location Context
Implied subject country of the report

Relationships (2)

Mohammed bin Salman Leadership CEDA
chaired by Deputy Crown Prince Mohammed bin Salman
CEDA Reporting Council of Ministers
reporting to the Council of Ministers

Key Quotes (3)

"The Vision continues to centralize decision-making into CEDA, chaired by Deputy Crown Prince Mohammed bin Salman"
Source
HOUSE_OVERSIGHT_016115.jpg
Quote #1
"the re-shaping of the Public Investment Fund (PIF) into a US$2trn Sovereign Wealth Fund (SWF)"
Source
HOUSE_OVERSIGHT_016115.jpg
Quote #2
"the new corporate strategy for Saudi Aramco to transform it into an energy and industrial conglomerate"
Source
HOUSE_OVERSIGHT_016115.jpg
Quote #3

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