14.10.2016 - Saudi Deputy Crown Prince Wants To Be One Of The World's Biggest Tech Investors
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
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