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Saudi Prince Mohammed bin Salman’s Potential Gambit on U.S. Infrastructure

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Institutional investors, including sovereign funds and state pensions, are thirsting for U.S. President Donald Trump to lay out a concise plan for accessing American infrastructure. Countries such as Canada, China, Japan, Qatar and now Saudi Arabia have made it clear publicly and through channels to signal a desire to move institutional capital to fund much-needed U.S. infrastructure.

With Saudi oil wealth being confronted by increased North American shale production, a continued slump in oil prices and the adoption of renewable energy consumption in the U.S. and Western Europe, the country has a multi-part plan to diversify revenue streams. In Saudi Arabia, the thirty-one-year-old Deputy Crown Prince Mohammad bin Salman Al Saud has been working to modernize state-owned entities and operations in the country. One area of intense local debate is where Saudi Arabia could put its earnings from the planned 2018 initial public offering (IPO) of Saudi Aramco. Saudi Aramco hopes to raise US$ 100 billion in its IPO, selling off a 5% stake.

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Saudi Aramco and PIF See Opportunities in Russia

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Saudi Arabia’s Public Investment Fund (PIF) is currently exploring opportunities within Russia. PIF is working with the Russian Direct Investment Fund (RDIF) on a number of fronts. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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HNA Group Aims to Shrink and Sell

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Chinese conglomerate HNA Group is on a selling spree due to an order from the government in Beijing to scale back on debt. HNA Group joins Anbang Insurance Group and Dalian Wanda Group in deleveraging from global assets, particularly in hotels and real estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Central Bank of Hungary Buys Mounds of Gold

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In October, the Central Bank of Hungary (MNB) boosted its gold reserves by 10 times, from 3.1 tons to 31.5 tons. This was revealed on October 16, 2018. The gold acquired by the central bank in October has a holding value of US$ 1.24 billion.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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