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.
Vast wealth and the promise of dramatic change make for cautious optimism concerning Saudi Arabia, the chief executive…100 Views | the publication reaches you by | Saudi Arabia Today
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.
Do you have information you want to reach our readers?
A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…