Private Equity

$12.5-bn Pipeline Deal Shows Oil Still King For Investors In Saudi Arabia | Business Standard News

by business-standard.com posted 5months ago 142 views
EIG makes one of the biggest direct investments in the country; Aramco deal shows country's reliance on core energy. : Saudi Arabia is celebrating one of the biggest foreign-investment windfalls in its history after netting more than $12 billion by selling off a stake in the oil pipelines that traverse the desert kingdom. But the country may also be facing an uncomfortable reality as a result.