Crescent Enterprises CEO Badr Jafar said half the fund would be allocated to startup firms in the Middle East and North Africa (MENA).
Mubadala to invest $15 billion in SoftBank fund
According to a recent report by Bloomberg, Abu Dhabi’s Mubadala Development Co. is planning to commit $10 billion to $15 billion to Japan’s SoftBank Group and Saudi Arabia’s Public Investment’s (PIF) technology fund.
Apple to invest $1 billion in SoftBank’s tech fund
The new technology fund is part of SoftBank’s $100 billion “vision fund” that it aims to launch this year, which will be based in London and will make investments in startups around the world.