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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

PIF, BlackRock Sign MoU to Boost Foreign Direct Investment

The Saudi Public Investment Fund (PIF) and US investment giant BlackRock signed a Memorandum of Understanding on Monday to jointly explore infrastructure projects in the Middle East, focused on Saudi Arabia.

Industries to be targeted include energy, utilities, transport and telecoms.

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