Saudi Arabia has announced its plans to spend $100bn on the establishment of an AI technology hub, which analysts feel …
PIF and Google Cloud to create advanced AI hub in Saudi Arabia
PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new …
Saudi Arabia wealth fund injects $1 billion into Tesla rival
Saudi Arabia’s Public Investment Fund (PIF) has reportedly agreed to invest more than $1 billion in Lucid Motors, a budding competition for Elon Musk’s Tesla.
PIF secures $11B loan as Saudi Arabia pushes for economic diversification
Diversification is a key focus of Crown Prince Mohammed bin Salman’s Vision 2030 plan, which aims to transform the Saudi economy through a slew of projects from hi-tech start-ups to a new mega city.
Aspiring Tesla rival might land investment from Saudi PIF
Saudi Arabia sovereign wealth fund is in talks to invest in Lucid Motors, an aspiring Tesla rival, according to a …
Saudi Arabia bets big on tech, prepares for life after oil
Saudi Arabia, the world’s biggest crude exporter is future-proofing itself against oil’s decline by investing the increasingly booming technology industry.
NEOM CEO named as adviser to Saudi Arabia’s crown prince
Klaus Kleinfeld who was tasked with developing Saudi Arabia’s mega-city project NEOM is reportedly taking on a new role as an adviser to the Kingdom’s Crown Prince Mohammed bin Salman on his reform plans.
Middle East to pump more cash into SoftBank Vision Fund
SoftBank Group could potentially get more investments from the Middle East as it pushes to reach its $100 billion fundraising target for its private equity fund that aims to target the technology sector.
Saudi Arabia’s PIF mulls investment in VR startup
Saudi Arabia’s sovereign wealth fund Public Investment Fund is reportedly in talks to invest as much as $400 million in Magic Leap.
SoftBank Group to invest around $25 billion in Saudi Arabia
Japan-based SoftBank Group aims to invest approximately $25 billion in Saudi Arabia over the coming three to four years, as …