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British billionaire Richard Branson suspended his directorship of the Red Sea Project following the murder of Saudi journalist Jamal Khashoggi last year by operatives near to the crown prince. Week Last, the US called for the crown prince to be investigated after it said there was credible evidence linking him to the killing. The national federal government rejected the record.
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A spokeswoman for Branson´s company, Virgin, informed Reuters his position hadn’t transformed. The Qiddiya Investment Company said it turned out in talks with potential investors going back year. Because the crown prince got charge of PIF in 2015, it offers changed from a staid state holding company into an aggressive purchaser of resources.
40 billion infrastructure account with U.S. 45 billion to a technology fund run by Japan´s SoftBank. Still, PIF has some way to visit before it fulfils the crown prince’s ambition for it to be the world´s largest sovereign wealth fund. It is currently one-third the size of Norway’s wealth account – the global innovator – which invests all its possessions abroad. The PIF could invest in a second technology fund becoming elevated by SoftBank.