Cars drive past the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 30, 2018. REUTERS/Faisal Al Nasser
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Standard Life Aberdeen PLC is in talks with Saudi Arabia about starting one or more investment vehicles that would be seeded by the kingdom's sovereign wealth fund and could raise billions of dollars, people familiar with the matter said.Standard Life Aberdeen is studying opening an office in Riyadh to manage the new funds from there, the people added.The new funds would focus on bringing much-needed foreign real estate and infrastructure investment into the kingdom, the people said.The sovereign fund last year agreed to commit $20 billion to an infrastructure fund with Blackstone Group LP, the world's largest private equity manager.
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