Future Investment Initiative conference in Riyadh

Future Investment Initiative conference in Riyadh
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People attend the Future Investment Initiative (FII) conference in Riyadh, on October 24, 2017. The head of oil giant Saudi Aramco said that a lack of recent investments in the oil sector could lead to a shortage of supplies. / AFP / FAYEZ NURELDINE
Updated 25 October 2017
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Future Investment Initiative conference in Riyadh

Saudi Arabia’s Public Investment Fund (PIF), the country’s main sovereign wealth fund, will contribute $20 billion to a $40 billion fund with US private equity firm Blackstone, its managing director said on Tuesday.

(Photo courtesy: AP, AFP, Reuters and AN photos by Meshal Alqader)