Citi, Goldman Said to Advise on Saudi Aramco-Sabic Deal

The transcript discusses the delay of an IPO and the reactions of bankers, who are still optimistic about making money. It highlights the involvement of the Public Investment Fund (PIF) and its significance for Wall Street, particularly hedge funds and private equity. The conversation also touches on Saudi Arabia's economic diversification plans led by the Crown Prince, focusing on investments in new cities and media enterprises.

What are the potential investment opportunities mentioned in relation to the Crown Prince's plans?

Discuss the significance of economic diversification as mentioned in the text.