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Saudi Arabia prepares for post-oil era by setting up world's biggest sovereign investment fund

The $2trn fund is aimed to move the country's economy away from its dependence on oil.

The $2tn (£1.4tn) wealth fund will be created by selling off state petroleum company Aramco's assets in a dramatic plan to transform the country's economy, which heavily relies on the oil industry.

The megafund will be enough money to buy the four largest US companies, Apple, Google's parent company Alphabet, Microsoft and Berkshire Hathaway.

http://www.independent.co.uk/news/w...ggest-sovereign-investment-fund-a6964951.html