Saudi ministers tout shift to investment from fossil-fuel dependence
Gulf offers alternative vision at Milken conference in Beverly Hills to investors reeling from bank collapses and high interest rates
World Economic Forum/Manuel Lopez
Saudi Economy Minister Faisal Alibrahim in January at World Economic Forum in Davos, Switzerland
Amid warnings of more U.S. bank closures and a world economic slowdown, Saudi Arabia is looking for new opportunities to pour the kingdom’s petroleum wealth into international investment.
Two Saudi cabinet ministers, accompanied by representatives of the country’s...