Sudan among five countries in Mohammad bin Salman investment fund

Saudi Crown Prince Mohammed bin Salman announced that a public investment fund has been established, with 5 regional companies aimed at investing in Jordan, Bahrain, Sudan, Iraq, and Oman.

Khartoum: AlTaghyeer

It is expected that the value of the targeted investments will reach 90 billion Saudi riyals (24 billion US dollars) in investment opportunities across various sectors.

The announcement was made during the second day of the sixth edition of the Future Investment Initiative, held in the Saudi capital Riyadh, in the presence of a group of investors, innovators, and leaders from around the world.

The companies will invest in several strategic sectors, including infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, communications, technology, and others.

New Companies

The five new companies will develop and strengthen the investment partnerships within the public investment fund, its portfolio companies, and the Saudi private sector for many investment opportunities in the region.

The establishment of the new companies comes in line with the “new investment opportunities” strategy for the Middle East and North Africa, which supports building long-term strategic economic partnerships to achieve sustainable returns, maximizing the fund’s assets, and diversifying the Kingdom’s sources of income in line with the objectives of Vision 2030.

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