The public investment fund of Saudi Arabia, the Kingdom’s sovereign wealth fund, is considering investing as much as $45 billion over the next five years in the new SoftBank Vision Fund, according to an announcement made on Thursday. SoftBank itself plans on investing at least $25 billion over the next five years in the fund.
“The Public Investment Fund is focused on achieving attractive long-term financial returns from its investments at home and abroad, as well as supporting the Kingdom’s Vision 2030 strategy to develop a diversified economy,” Prince Mohammed said in a statement……………………………………..Full Article: Source