What Happened On Feb. 25, Saudi Arabia's King Salman issued eight royal orders designed to jump-start the country's Vision 2030 program after nearly four years of mixed results . The most notable of these orders included converting the General Investment Authority into a full Ministry of Investment and creating tourism and sports ministries. The new Investment Ministry will be headed by the former energy minister and Saudi Aramco CEO, Khalid al-Falih. Al-Falih is no stranger to the international scene, and his return to prominence as Saudi Arabia's first-ever investment minister likely means that he once again will become a visible Saudi delegate abroad. Why It Matters The creation of a Ministry of Investment is clearly designed to boost investment into the kingdom back to previous levels and beyond.