structural:expansion
Blackstone-Saudi Arabia infrastructure fund

On May 20, 2017, during President Donald Trump's official state visit to Saudi Arabia, he signed a $110 billion arms deal with Saudi Arabia; Saudi Arabia and the United Arab Emirates announced they would "donate a combined $100 million to a World Bank fund for women entrepreneurs", a project inspired by Ivanka Trump; and Saudi Arabia "joined forces" with The Blackstone Group, a global private equity firm to "build a $40 billion war chest to privatize U.S. infrastructure". Blackstone's CEO is Stephen Schwarzman, leads Trump's business council, "advising him on "policy issues ranging from trade to infrastructure", unveiled a $40 billion fund which will primarily invest in infrastructure in the United States. Blackstone, which has "$360 billion in assets" is entering into infrastructure projects in which "large investors" plant "their money into the cogs of the global economy such as toll roads, airports, public works, buildings, ports, wireless infrastructure, pipelines, and railroads". Saudi Arabia will provide $20 billion from its Private Investment Fund (PIF) towards the Blackstone infrastructure fund. Limited partners will contribute $20 billion. "With debt financing, Blackstone hopes eventually to bring the total to $100 billion" in "total infrastructure investments on a leveraged basis".