01.08.2016 - Alabbar poised to create the Alibaba of the Middle East
If Alabbar was hoping to attract interest from the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, he couldn’t have picked a better place to make his case. The Abu Dhabi Crown Prince is credited with having a real vision for a digital future, and certain to have been impressed by what he heard. However, Alabbar’s track record on deal making reveals he likes more than one egg in the same basket. Another interesting taker could be Saudi Arabia. There was talk of the Saudis looking at the second sovereign wealth fund Public Investment Fund soon to be worth $2 trillion to invest in non-traditional projects...............................................Full Article: Source
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