Saudi Arabia's wealth fund sets up investment firms in five Mideast countries

Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, the sovereign wealth fund said on Wednesday, following a similar move to set up an investment subsidiary in Egypt, Qazet.az report according to Reuters.

The six companies will target investments of up to $24 billion, PIF added, in sectors including infrastructure, real estate, mining, healthcare, food and agriculture, manufacturing and tech.