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Sovereign wealth
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Saudi Sovereign Fund to Develop Holy Sites in Mecca, Medina
Saudi Arabia's Public Investment Fund is forming two real estate development firms to boost the capacity of Mecca and Medina to receive pilgrims, in projects expected to create billions of dollars of business, it said on Monday. The plans are part of an array of commitments which the PIF, the…
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Click here to read the full story: New York Times