Friday, 24 March, 2023

Saudi Arabia will invest $6.4B in future technologies

<p>Saudi Arabia has announced a $6.4B investment in future technologies. In the face of fierce regional competition, the kingdom is racing to diversify its economy away from oil. Wealthy Gulf countries have launched non-oil growth initiatives. Aramco, the Saudi oil giant, will invest $1B to help entrepreneurs around the world build transformative start-ups. The kingdom has already announced that it will invest hundreds of billions of dollars in Vision 2030.</p>