BlackRock Optimistic About Investment in Saudi Arabia

Rachel Lord, head of Asia-Pacific at BlackRock, announced on Wednesday that the asset management company expects strong demand from its clients worldwide for investment in infrastructure in Saudi Arabia. In a speech during Investor Day, she stated that the company has invested over $15 billion in natural gas pipelines in Saudi Arabia and has "a strong pipeline of upcoming investment opportunities." The Saudi Public Investment Fund and BlackRock signed an agreement in November to jointly explore infrastructure projects in the Middle East, with a focus on the Kingdom.