Saudi Arabia is a major investor in Gulf infrastructure – in the Financial Times

0
13


Mohammed bin Salman

photo released, Getty Images

comment on the photo,

The Saudi Investment Fund has become the most dominant force in economic development in the Kingdom under the presence of Crown Prince Mohammed bin Salman.

We begin our roundup of British newspapers with the Financial Times and a report by Simeon Kerr titled “Saudi Arabia Becomes Major Investor in $800 Million Gulf Infrastructure Plan”.

People familiar with the Gulf fund’s strategy said that the Saudi sovereign public investment fund is set to become a major investor in the new Gulf Infrastructure Fund, which was set up by Aberdeen Standard Investments and Investcorp in the amount of $800 million.

The sources added that Investcorp, the largest alternative investment manager in the Middle East and based in Bahrain, is finalizing the first closing of participation in the infrastructure fund at about $ 250 million, which could be announced as early as next week, according to the report. .

The report says that the Saudi Investment Fund, which became the most dominant force in economic development in the Kingdom during the era of Crown Prince Mohammed bin Salman, is a major investor in the Gulf fund along with a large Asian institution.





LEAVE A REPLY

Please enter your comment!
Please enter your name here