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19.10.2016 | 17:24
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World

Saudi Arabia is investing in technology to reduce the dependence on oil

Japanese telecommunications company SoftBank Group creates its own technological development fund.

It is planned that in the next five years the company will invest in it about 2.5 trillion yen (about 25 billion dollars). The new structure will be engaged in investing in technology companies throughout the world. The main partner of SoftBank Group will be the Saudi Fund for public investments, the potential volume of investment of which in the new fund may reach $45 billion over five years.

References in the article: investment, saudi arabia, world news
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