Housing Minister Majid Al-Hogail has been appointed acting minister of municipal and rural affairs in addition to his current role.
On Tuesday, many Saudi state entities governing investment, tourism and sport were promoted to full ministries as part of a major Cabinet reshuffle.
Al-Hogail has been housing minister since July 2015, and chairman of the Real Estate General Authority since January 2017.
He has served on the board of the Qiddiya Investment Co. since April 2017, and on the board of Neom since October 2017.
Al-Hogail gained a master’s degree in business administration from the University of Illinois at Urbana-Champaign in 1998.
He completed an extended development program in management at the International Institute for Management Development in Lausanne, Switzerland, in 2007.
He became managing director of the RAFAL Real Estate Development Co. from August 2007, before joining Aljazira Capital in January 2014 as its chairman, leaving both in July 2015. During the same period, he was a board member of budget airline Flynas.
Since then, in addition to his roles at Qiddiya, Neom and in government, he has been chairman of the Real Estate Development Fund since July 2015, and chairman of the Saudi Real Estate Refinance Co. since August 2017.
