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Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft and Oracle Corp , which are building cloud regions in the kingdom, a government minister said on Monday.
The country says it's secured over $9 billion in funding from major global technology companies.
With its low-cost hydrocarbon resources and strategic location for low-cost renewable energy sources, Saudi Arabia has set out to catalyze the global hydrogen economy by becoming the world’s leading hydrogen producer, while maintaining its position as a key player in the energy sector as a whole.
20% of NEOM infrastructure completed — CEO
Saudi Arabia’s latest sportswashing scheme was a $20 billion bid to try and take over Formula 1, but current owners Liberty Media said no.