Saudi Arabia’s reform drive has gathered further impetus with the appointment of Aramco veteran Khalid al-Falih as the head of the newly created Ministry of Energy, Industry and Mineral Resources on 8 May.

Saudi Arabia’s new super-ministry is an amalgamation of elements of the water and electricity ministry, commerce ministry and the ministry of petroleum and mineral resources, which had been led by Ali Naimi since August 1995.

The move is widely seen by analysts as a major...