Saudis celebrate Trump visit with giant investment deals

Saudi Arabia's sovereign wealth fund is investing $65bn in foreign asset managers as part of a plan to diversify the economy away from oil. Nearly a third of that will be put into a fund run by Blackstone to invest in US infrastucture. Andrew England discusses the move with Simeon Kerr, FT Gulf correspondent, and Arash Massoudi, M&A correspondent. Hosted on Acast. See acast.com/privacy for more information.