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Thursday, 19 January 2017

Saudi energy minister: wealth fund on track to top $2 trillion

Saudi energy minister: wealth fund on track to top $2 trillion:

"Saudi Arabia has signalled a clear intention to make more big-ticket acquisitions in the wake of its $3.5bn purchase of a stake in Uber last June , with the kingdom’s energy minister saying its wealth fund is on track to top $2 trillion in assets “in the not too distant future”. “We will invest strategically abroad,” energy minister Khalid Al-Falih told a small audience at the World Economic Forum in Davos. “Investments will be key.” Mr Al-Falih noted that services, tourism, banking and logistics are all areas of focus under the ‘Vision 2030‘ reform package. He added:"



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