SoftBank Vision Fund backer PIF finds its fortunes tied to home market

SoftBank Vision Fund backer PIF finds its fortunes tied to home market

The Kingdom Tower, center rear, stands as automobile traffic moves along the King Fahd highway, left and Olaya Street, right, in Riyadh, Saudi Arabia, on Thursday, Dec. 1, 2016. Photographer: Simon Dawson/Bloomberg

Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said.

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