Tuesday 23 October 2018

Saudi Investment Summit Opens With Russian and U.A.E. Executives - Bloomberg

Saudi Investment Summit Opens With Russian and U.A.E. Executives - Bloomberg:

The heads of Saudi Arabia’s wealth fund and the Russian Direct Investment Fund kicked off an investment summit that’s being held amid international outcry over the death of a government critic.

Public Investment Fund Managing Director Yasir Al-Rumayyan opened the three-day conference in Riyadh, alongside billionaire businesswoman Lubna Olayan, Kirill Dmitriev and Mubadala Investment Co. Chief Executive Officer Khaldoon Al Mubarak. Pakistani Prime Minister Imran Khan is set to address the summit this morning, according to the organizer’s app.

Hosted by the kingdom’s sovereign wealth fund, the Future Investment Initiative was expected to be the stage for showcasing new ventures and unveiling billion-dollar contracts in front of the world’s business elite. That was, until the killing of Jamal Khashoggi prompted dozens of finance and business leaders to withdraw. After two weeks of denials, the kingdom acknowledged on Saturday that Khashoggi was killed inside its consulate in Istanbul.

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