Rank: #65
Raed Al-Rayes
Sector: Industrials
Company: Saudi Arabian Industrial Investments Company
Designation: CEO
Nationality: Saudi
Residence: Saudi Arabia
Leading one of the Middle East’s biggest industrial investments development company, Al-Rayes oversaw the formation of a joint venture with Saudi Aramco and Hyundai Heavy Industries in 2019 to manufacture marine and electric power plant engines. Al-Rayes assumed leadership of Dussur in 2019, which counts SABIC, Aramco and PIF as shareholders. Prior to joining Dussur, he led several Saudi companies including APICORP and Al Rajhi Capital as well as acting as an advisor to the Minister of Energy, Industry and Mineral Resource.