Google parent, Saudi Aramco ‘in talks’ to build tech hub

      Published on Friday, 2 February , 2018      269 Views     
Google parent, Saudi Aramco ‘in talks’ to build tech hub


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.




It is not clear specifically whose data the centers would house or who would control them, the WSJ said.

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.

A JV between the two companies could help Saudi Aramco expand into the United States, a goal for the oil giant.

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.

Keywords:
Category Technology | 2018/02/02 latest update at 5:00 AM
Source : | Photocredit :
270 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Uber Eats expands to Makkah, Madinah
Saudi Arabia Saudi Arabia news

Uber Eats expands to Makkah, Madinah

Delivery service Uber Eats has expanded into two additional Saudi cities, launching in both Makkah and Madinah. In…

First case of coronavirus confirmed in Egypt

US arranging meeting between Netanyahu and Saudi crown prince

London’s community of wealthy Middle East property buyers continues to grow

Saudi Arabia pledges full support to Greek Cypriot administration King

Saudi Arabia pledges full support to Greek Cypriot administration

Saudi Arabian Foreign Minister Prince Faisal bin Farhan al-Saud expressed full support for the Greek Cypriot administration amid…

Saudi Cabinet voices support for the territorial sovereignty of Cyprus Government

Saudi Cabinet voices support for the territorial sovereignty of Cyprus

Saudi Arabia has voiced its support for Cyprus’ territorial sovereignty amid growing tensions following the discovery of oil…

How G20 presidency is likely to deliver Saudi economic boost Government

How G20 presidency is likely to deliver Saudi economic boost

Saudi Arabia becoming the first Arab nation to take over the G20 presidency is likely to deliver a…

Saudi Arabia offers ‘full support’ to Cyprus amid Eastern Mediterranean tensions Government

Saudi Arabia offers ‘full support’ to Cyprus amid Eastern Mediterranean tensions

Saudi Arabia’s King Salman received on Sunday the Cypriot Foreign Minister Nikos Christodoulides. They discussed bilateral relations between…

GULF TV

Popular in GULF TV

Saudi Crown Prince Wife|Why Not with him In the Foreign Tour’s

2845 Views

Saudi Crown Prince Wife Princess Sara bint Mashoor, Why Not with him In the Foreign Tour’s. Prince Mohammed…

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government