The formation of giant Saudi joint Softbank technology investment fund volume of $100 billion-www.xxsy.net

The formation of giant Saudi joint Softbank technology investment fund volume of $100 billion Sina Technology News Beijing time on October 14th morning news, Saudi Arabia hopes to expand economic development in the field of more oil exports, and plans with Japan’s Softbank jointly set up a global investment fund, the volume is expected to reach $100 billion. Because of the impact of low oil prices in the domestic economy, Saudi Arabia is using its huge reserves of funds to develop the non oil industry. The plan is one of the company’s major business projects. Responsible for the economic reform leading Saudi Deputy crown prince Mohammed · the · Salman (Mohammed bin Salman) said the state television station, Softbank will be in the next 5 years to the fund investment of about $25 billion. As the largest sovereign wealth fund in Saudi Arabia, the public investment fund (Public Investment Fund) during this period may invest $45 billion to the fund. Saudi state news agency SPA said, there are several other large investors may also participate in the investment, so the new fund amount could reach $100 billion, but it is unclear other investor. The new fund is likely to become the world’s largest technology investment fund. "The formation of Softbank Fund (SoftBank Vision Fund) vision, we can expand the investment of technology company in the world. The next 10 years, Softbank fund will become the largest investor in the vision field of science and technology." SPA quoted Softbank chairman Sun Zhengyi. The fund will be managed by the UK subsidiary of softbank. (Ding Hong)相关的主题文章: