Saudi Wealth Fund Plans San Francisco Office
- Qatar Investment Authority, Mubadala already have U.S. hubs
- Kingdom wants to win back investor confidence after Khashoggi
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Saudi Arabia’s sovereign wealth fund is following its peers in Abu Dhabi and Qatar by opening an office in the U.S. tech hub of San Francisco.
“We are working on opening up in London and in the U.S., initially New York but also San Francisco and potentially other cities,” Managing Director Yasir Al-Rumayyan said at a conference in Abu Dhabi. “We feel we should be closer to our businesses over there.”