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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Profile/New Launches

Why There’s Less To Saudi Arabia’s New $2 Trillion Wealth Fund Than Meets The Eye

Posted on 04 April 2016

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman (known to most people in the kingdom as MBS) has renewed his push to reform the Saudi economy, by announcing plans to create a $2 trillion sovereign wealth fund and part-privatize the national oil company Saudi Aramco within two years.
In an interview with Bloomberg, MBS also said Saudi Arabia will not freeze crude oil production unless other countries do so. Extensive interviews are a relatively rare phenomenon for Saudi leaders, so such public pronouncements are useful indicators of what the authorities in Riyadh are thinking………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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