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BlackRock Chairman Says ‘Entitled Generation’ Now Informed About Shortages

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Reuters

BlackRock seeking infrastructure contracts in the Gulf

BlackRock Inc, the world’s largest fund manager, is seeking more infrastructure deals in Saudi Arabia and the Gulf region and is also looking to invest in private companies in the region, an executive said. The American group, which manages more than $10 trillion in assets, recently led a consortium to buy a $15.5 billion stake in the Saudi Aramco gas pipeline company, after taking a stake in the pipeline assets of Abu Dhabi energy company ADNOC a few years earlier. “We are looking at many of these types of opportunities,” Stephen Cohen, head of BlackRock’s Europe, Middle East and Africa division, told Reuters.

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