Cineplex shuts its doors in Bridgewater | SaltWire #novascotia #cineplex #bridgewater #closureLONDON - The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investment Fund .
The PIF is central to Crown Prince Mohammad bin Salman's plans to transform the kingdom's economy by building new industries and investing in massive infrastructure development projects that the government refers to as giga-projects. BlackRock chairman and CEO Larry Fink said that Saudi Arabia had become an"increasingly attractive" destination for international investment.
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