Google parent Alphabet Inc is in talks with Saudi state oil giant Saudi Aramco about jointly building a technology hub in Saudi Arabia, the Wall Street Journal reported, citing people familiar with the matter.
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Reuters could not immediately reach Aramco and Alphabet for comment.
Alphabet’s potential move follows rivals Apple and Amazon that are in licensing discussions with Riyadh on investing in Saudi Arabia as part of Crown Prince Mohammed bin Salman‘s push to give the conservative kingdom a high-tech look, according to a Reuters report in December.
The size of the potential joint venture between Alphabet and Aramco is unclear, although it could be big enough to become listed on Saudi Arabia’s stock exchange, according to the Journal report.
It is still unclear where Aramco will list its shares ahead of an IPO that could see it become the world’s largest publicly traded company.
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