BlackRock Inc. aims to rapidly grow its investments in Saudi Arabia and the wider Middle East in the next few years as it looks to tap into a rush of activity in areas from infrastructure to artificial intelligence.
BlackRock has already invested more than $35 billion in Saudi Arabia across equities, fixed income and infrastructure.
Work has started on new alcohol stores in two of Saudi Arabia’s main cities to serve some non-Muslim customers, the latest step in the country’s efforts to loosen social restrictions.
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