Tuesday 29 October 2019

Finance royalty descend on #Saudi forum as Aramco listing looms - Reuters

Finance royalty descend on Saudi forum as Aramco listing looms - Reuters:

What a difference a year makes.

There was standing room only in the expansive halls of Riyadh’s Ritz-Carlton hotel on Tuesday as the world’s financial royalty attended Saudi Arabia’s Future Investment Initiative (FII) conference, aimed at courting global investors.

Saudi Arabia said it signed over two dozen investment deals worth $15 billion, mostly in the manufacturing sector, as the kingdom strives to show that Crown Prince Mohammed bin Salman’s diversification plan is on track after limited progress since the first FII forum 2017.

Last year’s event was overshadowed by the murder of Saudi journalist Jamal Khashoggi as dozens of Western leaders and executives boycotted the gathering.

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