Exclusive - Saudi state fund plans stake in big industrial zone: source

By Hadeel Al Sayegh and Andrew Torchia DUBAI (Reuters) - Saudi Arabia's top sovereign wealth fund is negotiating to buy a stake in one of the kingdom's most ambitious real estate projects as Riyadh restructures the economy to cope with low oil prices, a source familiar with the plan said. The Public Investment Fund aims to invest in King Abdullah Economic City (KAEC) on the Red Sea coast near Jeddah, the source said. Launched in 2005, KAEC had a population of only about 5,000 people and 120 indu