Nicolás Maduro asserted that Alex Saab has the “managerial capacity and commitment” to be able to promote the country’s industrial development.
This Friday, October 18, President Nicolás Maduro appointed Alex Saab as the new Minister of Industry and National Production, replacing Pedro Tellechea; who only lasted about two months at the head of said portfolio.
Maduro, via Telegramassured that he was sure of the “managerial capacity and commitment” to be able to promote industrial development and the construction of the new economic model that his administration seeks to promote.
In this way, Saab officially enters the Venezuelan president’s cabinet, while Tellechea – who had arrived to that office in August“He has already recovered Pequiven and PDVSA and now we are going to recover the CVG (Venezuelan Corporation of Guayana),” the president then said about the current former minister.
The businessman of Colombian origin, less than a month after being released from the United States, was named the January 15, 2023 by Maduro as the new president of the International Center for Productive Investment (CIIP), replacing Félix Plasencia, who had held the position since May 2022.
*Read also: “A dangerous pattern”, the documentary that reveals the details of the Alex Saab case
During his Report and Account that year, he justified his appointment with the argument that Saab’s experience as a businessman will help the country attract foreign investments.
“I announce the appointment of Alex Saab as the new president of the Center for Productive Investments of Venezuela so that he, with his experience, helps our country to attract investments, to attract the economic force of the world,” he instructed.
With the role of “capturing and promoting national and international investment” from Venezuela, Saab began its crusade to achieve commercial alliances and attract potential investors to Venezuela.
According to Maduro, the businessman has fulfilled the assigned task because his figures indicate that, after meeting with more than 68 “foreign businessmen”, he would have managed to complete 17 projects that would total an estimated investment of $12,000 million, says a TalCual work published in March 2024.
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