Saudi Fund Flexes Muscles With Stream of Billion-Dollar Projects - Bloomberg:
"Saudi Arabia’s wealth fund is on a roll.
In the past month alone, the Public Investment Fund announced projects valued at more than $10 billion -- in industries ranging from property, energy, recycling and entertainment. Last week it set up a real-estate refinancing firm with a mandate of $20 billion in deals in five years.
The fund already holds about $110 billion of assets in listed Saudi companies and has investments with Blackstone Group LP to Softbank Group Corp. This month it scooped up a $2.4 billion stake in food processor Almarai Co."
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