Will Khashoggi’s Death Haunt PIF’s Ambitions?

February 01, 2019 by Daniel Brett

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Saudi Arabia sought to banish the ghost of assassinated journalist Jamal Khashoggi by deploying the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), to calm spooked investors at last month’s Davos Summit. PIF used the World Economic Forum in Switzerland to reconcile with the business world following the killing of the Washington Post journalist, who was seen as a critic of the Saudi establishment. Top executives who had shunned Saudi Arabia just three months before were happy to schmooze with Saudi ministers at a party thrown by Saudi Aramco. Eager to press on with the planned $5 billion Satorp refinery and petrochemicals joint venture with the Saudi oil giant, Total chief Patrick Pouyanne summed up the mood when he told the press: "Let’s look more positively and move forward." Saudi Arabia has come a long way in the short time since it faced economically damaging diplomatic isolation…

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