9 Middle Eastern funds and investors pouring money into US media, sports, and entertainment
Governments and investors in the Middle East are pouring money into Western media and entertainment.Insider broke down the sources of funding from Saudi Arabia, Qatar, and United Arab Emirates.pouring millions into US media and entertainmentAttention has focused on investments from Saudi Arabia, which is pumping money into entertainment, tourism, and other industries to diversify its economy and present itself as a cultural reformer.
The channels for money from Saudi Arabia and other parts of the Middle East are complex. Along with the countries' sovereign wealth funds, there are myriad private sources, but the lines between public and private are often blurred.
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