Saudi wealth fund is making another splash but this time at home
Published 17 Nov,2020 via Bloomberg Technology & Innovation - Saudi Arabia’s sovereign wealth fund is turning homeward.
Handed $40 billion earlier this year to buy global stocks, the Public Investment Fund will plow the same amount into the domestic economy next year and again in 2022. Some of the local investments could be funded by liquidating existing assets, Crown Prince Mohammed bin Salman said in a rare statement last week.
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Abeer Abu Omar and Matthew Martin