▁annual ▁conference ▁held ▁in ▁Dav os , ▁Switzerland , ▁has ▁object ed ▁to ▁the ▁use ▁of ▁" D av os " ▁in ▁such ▁context s ▁for ▁any ▁event ▁not ▁organ ised ▁by ▁them . ▁ ▁Ann oun c ements ▁ ▁The ▁Public ▁In vest ment ▁Fund ▁announced ▁several ▁major ▁plans ▁at ▁the ▁conference , ▁including ▁its ▁goal ▁to ▁increase ▁its ▁assets ▁under ▁management ▁to ▁$ 4 0 0 ▁billion ▁by ▁ 2 0 2 0 . ▁The ▁fund ▁out lined ▁how ▁it ▁would ▁structure ▁its ▁invest ments ▁in ▁six ▁areas : ▁Sa udi ▁equ ity ▁hold ings , ▁sector ▁development , ▁real ▁estate ▁and ▁infrastr ucture , ▁m ega ▁projects , ▁international ▁strateg ic ▁invest ments , ▁and ▁a ▁“ d ivers ified ▁pool ” ▁across ▁global ▁asset ▁classes . ▁ ▁The ▁Public ▁In vest ment ▁Fund ▁also ▁announced ▁several ▁major ▁invest ments , ▁including ▁the ▁final isation ▁of ▁its ▁participation ▁in ▁a ▁$ 4 0 ▁billion ▁infrastr ucture ▁fund ▁set ▁up ▁with ▁the ▁US ▁private ▁equ ity ▁firm ▁Black stone , ▁and ▁a ▁memor and um ▁of ▁understanding ▁to ▁invest ▁$ 1 ▁billion ▁in ▁Virgin ▁space ▁companies . ▁ ▁Among ▁the ▁projects ▁announced ▁at ▁the ▁conference ▁was ▁NE OM ▁– ▁a ▁proposed ▁$ 5 0 0 bn ▁economic ▁zone ▁covering ▁ 2 6 , 0 0 0 ▁square ▁kilometres ▁in ▁north west ▁Sa udi ▁Arab ia , ▁extending ▁into ▁Jordan ▁and ▁Egypt . ▁The ▁project ▁a ims ▁to ▁attract ▁invest ment ▁in ▁se ctors ▁including ▁renew able ▁energy , ▁bi ote chn