Question : The National Infrastructure Fund will invest in areas such as water, transportation, energy, and health, contributing to transform the economy and make it less reliant on oil revenue. Which country has recently(October 2021) launched this fund ?
a. Saudi Arabia
b. Kuwait
c. Qatar
d. Libiya
Ans. a.
Related facts —
- Saudi Arabia has recently(October 2021) launched national infrastructure fund(NIF) with BlackRock.
- Saudi Arabia has launched the fund to support up to 200 billion riyals ($53.32 billion) in projects over the next decade.
- It will will invest in areas such as water, transportation, energy, and health, contributing to Saudi Arabia’s plans to transform the economy and make it less reliant on oil revenue.
- It is notable that BlackRock, Inc. is an American multinational investment management corporation based in New York City.