Alex Saab
Colombian-Venezuelan businessman (born 1971)
Alex Saab
Alex Nain Saab Morán (born 21 December 1971) is a Colombian-born Venezuelan businessman who served as Venezuela’s Minister of Industry and National Production from October 2024 to January 2026. Saab was the subject of journalistic investigations for conducting businesses estimated at US$135 million with the Venezuelan government, while other Colombian businessmen had stopped exporting to Venezuela due to uncertainty regarding payments and tight exchange controls. Saab's name has appeared in multiple ICIJ leaks including the Panama Papers, Pandora Papers and the FinCEN Files. Saab was enriched by the materials supplier business of the Housing Mission in Venezuela. Armando.Info, a Venezuelan investigative journalist outlet, reported that Saab received US$159 million from the Venezuelan government to import housing materials between 2012 and 2013, but only delivered products worth US$3 million. He later sold food to Venezuela for more than US$200 million in a contract signed by President Nicolás...
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