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Ministry of Economy and Planning
The Ministry of Economy and Planning is one of the governmental bodies of Saudi Arabia and part of the cabinet. The ministry has the function of developing and implementing five-year plans which reflect the long-term economical targets of the country.
==History==
The ministry of economy was established in 1953. However, the body was not functional〔 and was disestablished in 1954.〔
The ministry of economy and planning was formed in 2003 when the ministry of planning and economy department were merged.〔(【引用サイトリンク】url=http://www.saudinf.com/main/c6g.htm )〕 Until 2003 the ministry of planning was in charge of development and implementation of five-year plans.〔 The ministry is based in Riyadh.〔(Basic addresses ) ''OSCE''. September 2011. Retrieved 5 February 2014.〕
Since its foundation in 2003, the ministry has been headed by three ministers. The first minister was Khalid bin Mohammed Al Gosaibi who was appointed to the post in April 2003. Mohammad Al Jasser was the minister of economy and planning from December 2011 to April 2015. Then Adel Fakeih was appointed the minister of economy and planning in April 2015.
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