His Excellency the Minister of Commerce and Investment and Chairman of the Board of Directors of the Small and Medium Enterprises General Authority “Monsha’at”, Doctor Majid bin Abdullah Al-Qasabi, issued a decision appointing Engineer Saleh bin Ibrahim Al-Rasheed as Governor of the Small and Medium Enterprises General Authority.

Engineer Al-Rasheed most recently served as Chief Executive Officer of Riyadh Airports Company, which manages and operates King Khalid International Airport in Riyadh, where he led the company’s transformation under the air transport sector privatization program, the privatization of all services, operations, assets, and properties, and the digital transformation of King Khalid Airport, with the aim of raising service efficiency, maximizing returns, and improving the level of services provided to travelers.

Al-Rasheed previously headed the Saudi Authority for Industrial Cities and Technology Zones (MODON), where he oversaw the management and launch of many initiatives and projects to support SMEs in the industrial sector, most importantly the launch of the ready-built factories product, MODON Oases, and the establishment of industrial incubators.

Al-Rasheed also oversaw industrial city development and operation projects worth more than SAR 15 billion, which resulted in the establishment and development of more than 35 industrial cities across all regions of the Kingdom, with a total developed industrial and service land area exceeding 180 million square meters.

Al-Rasheed holds an Executive Master of Business Administration from IMD in Switzerland, a bachelor’s degree in computer science and information technology from King Saud University, and advanced leadership certificates from IMD, MIT, and Harvard.

Engineer Al-Rasheed has current and past memberships on boards of directors, including the boards of the Saudi Red Crescent Authority, Al Maqar Company for Madinah Development, the Saudi Aviation Information Systems Company (SAVIT), the Saudi Authority for Industrial Cities and Technology Zones, the Royal Commission for Jubail and Yanbu, the Saudi Industrial Development Fund, the Saudi Railways Organization, the Job Creation Authority, and the Electricity and Cogeneration Regulatory Authority.