Saudi Arabia's Wealth Fund Said to Plan Health-Care Investments - Bloomberg

Saudi Arabia's Wealth Fund Said to Plan Health-Care Investments - Bloomberg:

Saudi Arabia’s sovereign wealth fund is planning investments in the kingdom’s private health-care services and hospitals as it seeks to modernize domestic infrastructure, people familiar with the matter said.

The Public Investment Fund may appoint an adviser in the near future to help identify investment opportunities, the people said, asking not to be identified as the deliberations are private. The plan may require billions of dollars, though no final decisions have been made, they said. It could involve investments in existing health-care companies or partnering with foreign companies looking to establish operations in the kingdom, the people said.

“The Public Investment Fund regularly explores potential investment opportunities to support portfolio diversification efforts, but does not comment on specific discussions or activities,” a spokesman for the fund said.