Saudi Arabia's PIF establishes regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman - statement

Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, the sovereign wealth fund said on Wednesday, following a similar move to set up an investment company in Egypt.

The six companies will target investments of up to $24 billion, PIF added, in sectors including infrastructure, real estate development, mining, manufacturing, and food and agriculture.