In recent years,the government of Saudi Arabia has invested over $900 billion in foreign companies,including several U.S.companies.This move constitutes the creation of a Sovereign Wealth Fund,an emerging type of foreign direct investment.
Sovereign wealth funds are investment funds controlled by governments.These funds purchase the bonds and stock of foreign companies.This is a fast-growing form of foreign direct investment.

Question

Quizplus · Accepted Answer

The statement is true, as it describes the creation of a Sovereign Wealth Fund by the government of Saudi Arabia, which has invested over $900 billion in foreign companies, including several U.S. companies. Sovereign wealth funds are indeed investment funds controlled by governments, that purchase the bonds and stock of foreign companies, and this represents a fast-growing form of foreign direct investment.

In Recent Years,the Government of Saudi Arabia Has Invested Over