Saudi Arabia announces establishment of 5 investment firms on 2nd day of Future Investment Initiative conference

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Saudi Arabia announces establishment of 5 investment firms on 2nd day of Future Investment Initiative conference

STORY: Saudi Arabia announces establishment of 5 investment firms on 2nd day of Future Investment Initiative conference DATELINE: Oct. 27, 2022 LENGTH: 00:02:04 LOCATION: Riyadh CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the 6th edition of the Future Investment Initiative (FII) conference in Riyadh STORYLINE: Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies to invest in Bahrain, Iraq, Jordan, Oman and Sudan, according to a PIF press release published on Wednesday. The five companies, together with the Saudi Egyptian Investment Company established in August, aim to invest up to 90 billion Saudi Riyals (24 billion U.S. dollars) in various key sectors including infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, telecoms, and technology. The announcement, made by Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, comes on the second day of the sixth edition of the Future Investm

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