Saudi Arabia's PIF announces $3bn investment unit for Iraq

RIYADH: Aligning with its strategy to seek new investments in the Middle East and North Africa region, Saudi Arabia’s sovereign wealth fund has created a unit with a capital of $3 billion to invest in industries across Iraq. According to Muteb Al-Shathri, acting CEO of the Saudi-Iraq Investment Co., the investment unit will be headquartered in the Kingdom and will look for

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