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PRESIDENT Ferdinand Marcos Jr. will fly to Saudi Arabia on October 19 to attend the 2023 Association of Southeast Asian Nations-Gulf Cooperation Council Summit .Marcos will be in Saudi Arabia until October 20.The event, which is primarily about the endorsement of the framework of cooperation between the Asean and the GCC, will be held at the Ritz-Carlton Hotel in Riyadh.
He said part of the discussion could be the presentation of the Maharlika Fund, a sovereign wealth fund that will be used to invest in a wide range of assets, including foreign currencies, fixed-income instruments, domestic and foreign corporate bonds, commercial real estate, and infrastructure projects which is expected to generate income to augment the government projects.
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