The moves underscore Saudi Arabia’s commitment to transform itself from an oil-dependent economy to a powerhouse that makes money on everything from tech to metals, mining and tourism.
(Bloomberg) Saudi Arabia’s new $100 billion investment firm announced a string of deals Tuesday, including a partnership with SoftBank Group Corp., aimed at transforming the kingdom into an industrial and manufacturing powerhouse.Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover for $35 Billion in Year's Biggest Deal Amazon Deserves to Be Called Out for Swindling UsersWall Street’s Moelis Bet Big on the Middle East. Now He’s Ca
Saudi Arabia Sets Up Industrial Robotics Facility With SoftBank bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
SoftBank Group Corp is set to enter talks with South Korea's Samsung Electronics Co on a possible strategic tie-up over Arm Ltd, a British chip designer under the Japanese technology conglomerate, a corporate source familiar with the plan said. SoftBank Chairman Masayoshi Son will visit South Korea next month to…