‘Bold action needed’: Trump adviser backs Kingdom’s investment hopes:
The Milken Institute MENA (Middle East and North Africa) Summit in Abu Dhabi kicked off with a strong defense of Saudi Arabia and its investment prospects from a close personal adviser to US President Donald Trump.
Asked about investment prospects in the Kingdom in the wake of the death of Saudi journalist Jamal Khashoggi last year, Thomas Barrack, executive chairman of private equity group Colony Capital, told participants at the event in the UAE capital that the reaction reflected a “misunderstanding” on the part of the West.
He cast Western reaction in the context of a “brilliant new leader stepping in” and launching the debate about the future of oil dependency as part of the Vision 2030 strategy.
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