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Wednesday, September 20, 2017

Saudi Plans $2.7 Billion Entertainment Firm as Kingdom Opens Up

September 20, 2017 0 comments
Saudi Arabia’s sovereign wealth fund is setting up a company to invest in local entertainment, as the conservative kingdom tentatively opens up and pursues a long-term strategy to reduce its reliance on oil. The company will have an initial capitalization of 10 billion riyals ($2.7 billion) and “act...
Saudi Plans $2.7 Billion Entertainment Firm as Kingdom Opens Up
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