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In June 2019, Financial Times reported that Aramco is striving to separate its association with the ministry, ahead of its potential listing.The company has been paying ministry-related expenses, which according to an unnamed person have been kept hidden by Aramco.
Branson also suspended his talks with the Saudi government about investment in his Virgin Galactic venture.
He said he had "high hopes for the current government in the kingdom and its leader Crown Prince Mohammed bin Salman…the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of any of us in the West to do business with the Saudi Government." In May 2016, a General Authority for Entertainment was announced by royal decree, into which over $2 billion have been invested.
The report revealed that Khalid Al-Falih has been using the company’s revenues for his expenses, which are either directly related to Aramco, or are diplomatic.
However, Falih’s ally stated that the chairman’s policies have brought in greater revenues for the firm.
The two massive tourism projects along the Red Sea planned by the Saudi government were to be run under the directorship of Richard Branson.
On 11 October 2018, Branson issued a statement that he is suspending his advisory role for the two projects amidst the Jamal Khashoggi controversy.
Decreasing this dependence on oil resources has been one of the goals of the government since the 1970s, however, the implementation of this goal has been rather unstable and largely dependent on the prices of oil.
The core priority is to be able to develop more alternative sources of revenue for the government such as taxes, fees and income from the sovereign wealth fund.
In Riyadh, the first public live music concert in over 25 years was held in May 2017, which featured American country star Toby Keith and Saudi singer Rabeh Sager.Tags: Adult Dating, affair dating, sex dating