H.E. Fahd bin Abdulmohsen Al-Rasheed
Fahd Abdulmohsan Al-Rasheed is the Chair of the U20 2020 and the President of the Royal Commission for Riyadh City. In his capacity as the U20 Chair, Al-Rasheed steers and oversees the strategic directions, agenda and goals of the group, and spearheads the dialogue with city leaders, international think-tanks and organizations.
This role is of particular personal importance to him, due to the unique ability of the group to bring together the leaders of cities across the world, to collaborate and knowledge share, and to impact the discussions and decisions of the G20, with an ultimate goal; better future for city inhabitants.
In his role with the Royal Commission for Riyadh City (RCRC) he oversees an ambitious program to develop the city into a world hub. Projects currently underway include Riyadh’s Four Megaprojects (King Salman Park, Green Riyadh, the Sports Boulevard, and Riyadh Art) and the Riyadh Transportation Network.
Al-Rasheed is an advisor at the Royal Court of Saudi Arabia, and the Founder and Chairman of the non-profit Red Sea Foundation (based in Geneva – Switzerland), which is focused on promoting trade in the Red Sea region. In Addition, he is the Chairman of the Board of King Faisal Specialized Hospital & Research Centre and Chairman of the Board of King Abdullah Financial District.
He is also the Vice Chairman of the Diplomatic Quarter General Authority and the Vice Chairman of the Board of Trustees of Prince Mohammed Bin Salman College of Business and Entrepreneurship, the first of its kind in the Kingdom and aims to be an incubator and trainer of business entrepreneurs and future leaders across key sectors (governmental, private sector and civil community foundations). The College was established in collaboration with MiSK Foundation, Babson Global and Lockheed Martin Corporation.
In addition, Al-Rasheed serves on the Boards and Committees of several organizations including Emaar The Economic City, King Abdullah Port, Harvard Kennedy School Dean’s Council, Qiddiya Investment Company, Diriyah Gate Development Authority, and the New Cities Foundation (a non-profit foundation based in Geneva). Al-Rasheed was honored as a Young Global Leader by the World Economic Forum in 2011.
Al-Rasheed served for over a decade, from January 2008 to September 2018, as the Group CEO and Managing Director of King Abdullah Economic City (KAEC), the first publicly listed city in the world and one of the largest private sector projects globally. The City – located on the Red Sea Coast in the Kingdom of Saudi Arabia and covering a total area of 181 million square meters – is considered one of the most advanced and sustainable cities. Under Al-Rasheed’s leadership, KAEC was responsible for developing one of the largest ports in the world, King Abdullah Port.
Prior to that, Al-Rasheed held the post of CFO and Deputy Governor of the Saudi Arabian General Investment Authority (SAGIA) after a successful career with Saudi Aramco, where he led several initiatives in investments and corporate finance.
He holds a bachelor’s degree in Business Administration from Washington University in St. Louis and an MBA from Stanford Business School. He is a graduate of the Advanced Management Program in Real Estate Development at the Harvard Graduate School of Design.
Abdulmohsen AlGhannam became Urban 20 (U20) Sherpa under Riyadh’s chairmanship for the U20 2020. In his role, Mr. AlGhannam is responsible for implementing the U20’s strategy for 2020, including facilitating taskforce and special working group efforts as well as guiding discussions at U20 convenings to successfully and timely achieve its objectives with U20 cities and international organizations. As Riyadh Sherpa, he also contributes Riyadh’s perspective in the U20 process.
Alongside his work with the U20, Mr. Alghannam serves as an Urban Planner with the Transit Oriented Development Department under the General Department for Urban and Strategic Planning with the Royal Commission for Riyadh City (RCRC). During his tenure with RCRC, he has participated in multiple urban development projects, overseen specialized studies, and represented RCRC in multiple committees.
Mr. Alghannam has a bachelor’s degree in Urban Studies and Planning from California State University, Northridge. Has completed his internship program with the City of Calabasas Planning Division, also acquired additional skills through attending multiple city design conferences, as well as municipal funding and economics trainings among others.