Age, Biography and Wiki
Adel Fakeih was born on 1959 in Mecca, Saudi Arabia. Discover Adel Fakeih's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 64 years old?
Popular As |
Adel bin Muhammad Fakeih |
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N/A |
Age |
64 years old |
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Birthplace |
Mecca, Saudi Arabia |
Nationality |
Saudi Arabian |
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He is a member of famous with the age 64 years old group.
Adel Fakeih Height, Weight & Measurements
At 64 years old, Adel Fakeih height not available right now. We will update Adel Fakeih's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Not Available |
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Not Available |
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Not Available |
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Not Available |
Who Is Adel Fakeih's Wife?
His wife is Maha Fitaihi
Family |
Parents |
Not Available |
Wife |
Maha Fitaihi |
Sibling |
Not Available |
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Not Available |
Adel Fakeih Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Adel Fakeih worth at the age of 64 years old? Adel Fakeih’s income source is mostly from being a successful . He is from Saudi Arabian. We have estimated
Adel Fakeih's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
$1 Million - $5 Million |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
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Not Available |
Cars |
Not Available |
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Adel Fakeih Social Network
Timeline
He was removed from his position after the Royal Decree announced on 4 November 2017, replaced by his deputy Mohammad Al Tuwaijri, who was also the former Head of Global Banking and Markets, Middle East and North Africa (MENA) at The Saudi British Bank.
In February 2016, Adel Fakeih's Economy and Planning Ministry was reported to have collaborated with the Crown Prince to develop a national transformation plan to this effect, which was officially introduced as Vision 2030 in April that same year. In March 2017, he played a forefront role at a Saudi-Chinese Investment Forum in Riyadh during which 45 agreements were signed between China and the Kingdom. In April 2017, he received South Korean Minister of Trade, Industry and Energy Joo Hyung-hwan to strengthen bilateral trades between the two countries, in light of the Kingdom's industries' diversification from oil. He also joined the board of the Public Investment Fund.
Adel Fakeih's term as minister of labor ended in April 2015 when he was appointed minister of economy and planning. He replaced Muhammed Al Jasser in the post, and was commissioned by Crown Prince Mohammad bin Salman to develop reforms aimed at ending the Kingdom' s vulnerability to an unpredictable oil market.
In 2014, Adel Fakeih signed a memorandum of understanding with the Sri Lankan minister of foreign employment promotion and welfare Dilan Perera to improve the rights of Sri Lankan household workers in the Kingdom, regarding their passports and salaries. He reviewed estimated figures by the Central Department of Statistics following discrepancies between unemployment data and the number of applicants to the national monthly unemployment allowance. In June 2011, he introduced the Nitaqat program. It reviewed the existing quota system and made it more effective as it took into account the different sectors and sizes of companies. It also enforced sanctions on delinquent firms: following a 2013 crackdown on the black market in foreign labor, over a million people left the country. He announced 38 amendments to the country's labor legislation including more training for Saudi workers, longer fixed-term contracts, and greater inspection powers for ministry officials.
On 21 April 2014, Adel Fakeih also served as minister of Health to handle a major public health crisis when the Middle East respiratory syndrome broke out, replacing Abdullah bin Abdulaziz Al Rabiah who had served since February 2009. This term ended on 8 December 2014 when Mohammed bin Ali bin Hiazaa Al Hiazaa was appointed to the post.
He was replaced by Hani Abu Ras as mayor in August 2010.
On 18 August 2010, Adel Fakeih was appointed minister of Labor, replacing Ghazi Abdul Rahman Al Gosaibi.
In 2006, the project to turn the Old Airport of Jeddah into a new 12 million m2 city was launched. In 2008, the Central Jeddah Redevelopment Project, which consisted of revitalizing a 6 million m2 area including the historic downtown, was also launched. In 2009, the city of Jeddah revealed the project for the construction of the King Abdullah Sports City. The city unlocked a $1.3 billion budget to further develop the city's infrastructure that same year, for the construction of bridges, tunnels, roads and parks in Jeddah. In 2009, he collaborated with a recruitment initiative targeting Saudi locals, Bab Rizq Jameel, and dedicated 22 market stalls to Saudi women in the Al-Safa neighborhood (northern Jeddah) to use for displaying and selling merchandise.
Adel Fakeih was appointed mayor of Jeddah in March 2005.
During this period, from 2003 to 2005, he was also the chairman of the Jeddah Chamber of Commerce and Industry.
From 1993 to 2005 he served as the chairman of the Savola Group, Saudi Arabia's biggest food company, as well as many of its subsidiaries.
Adel bin Muhammad Fakeih (born 1 July 1959) (Arabic:عادل فقيه) is a Saudi Arabian engineer and the former mayor of Jeddah. He was the minister of labor from 18 August 2010 to April 2015. During that same period, between 21 April 2014 and 8 December 2014 he also served as the minister of health. In April 2015 he was appointed minister of economy and planning.
Fakeih was born in Mecca in 1959 into a family known for its active members in the fields of finance and business. His father Muhammad bin Abdul Qadir Fakeih was a businessman and published poet, and his uncle Abdul Rahman bin Abdul Qadir Fakeih is President of the Fakeih Group. Adel Fakeih obtained a bachelor of science degree in industrial engineering from King Abdulaziz University.