Saudi Arabia, China plan joint $20 billion investment fund

Economy Aug 24, 2017 03:20AM ET

© Reuters. Saudi Arabian Energy Minister Khalid al-Falih attends a meeting of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg JEDDAH, Saudi Arabia (Reuters) - 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 Minister Khalid al-Falih told Reuters on Thursday. Falih was speaking on the sidelines of an economic conference of senior officials and businessmen from the two countries. He said that in addition to the fund, he expected 11 business agreements worth about $20 billion to be signed between the two sides on Thursday. He did not give details.

Saudi Arabia, China plan joint $20 billion investment fund

Related Articles