{
Yasir al Rumayyan

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saudi fund partners with brookfield for two billion dollar investment platform

Saudi Arabia’s Public Investment Fund has signed a $2 billion deal with Brookfield Asset Management to establish the Brookfield Middle East Partners, targeting investments in various sectors including technology and healthcare. At least 50% of the capital will be allocated to projects within the kingdom, aligning with the nation’s goal of attracting $100 billion in annual foreign direct investment by 2030. This partnership reflects a strategic shift towards domestic investment as the PIF aims to diversify the economy away from oil dependency.
CNBC
United States Dollar Brookfield Asset Management Ltd. Apple Inc. CAN Bruce Flatt Mohammed bin Salman Yasir al Rumayyan Show more
Finance & Economy, Press Release
14:47 30.10.2024
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