Looking East, Saudi Arabia Plans $20b Investment Fund with China, Al-Falih Says

Saudi Arabia's Minister of Energy Khalid al-Falih with Minister of Commerce and Investment Dr. Majed Al-Qassabi.
Saudi Energy Minister Khalid al-Falih said that the Kingdom and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, according to a Reuters report based on comments from the minister.

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Hajj: 2017

1,406,000 pilgrims arrive in Saudi Arabia

1,405,924 pilgrims have arrived, by Thursday early morning, in the Kingdom of Saudi Arabia. The General Directorate of Passports said in its daily statistics that 1,313,946 ...



Saudi Arabia, China plan joint $20 billion investment fund

Saudi Arabia and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, Saudi Energy ...


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