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Saudi Arabia's sovereign wealth fund hired the head of Qatar Investment Authority's real estate arm as chief development officer earlier this year, people familiar with the matter said, as it plans to invest billions of dollars in tourism and property projects.In May, the fund signed a deal to commit $20 billion to an infrastructure fund managed by Blackstone Group LP, the world's biggest private-equity manager and agreed to invest as much as $45 billion in a technology fund run by Japan's SoftBank Group Corp. In 2016, it made a $3.5 billion investment in Uber Technologies Inc.Since then, the fund has more than doubled the number of employees.
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