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Blackstone, Saudi Arabia Announce $40 Billion Investment in U.S. Infrastructure

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Private equity firm Blackstone Group, in partnership with Saudi Arabia’s sovereign wealth fund, announced that they would commit $40 billion to invest in infrastructure projects, mainly in the U.S.

Blackstone, co-founded by Trump supporter Stephen Schwarzman, entered a non-binding agreement with Saudi Arabia’s Public Investment Fund (PIF) to move forward with this initiative, the Hill reported.

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