Tuesday May 6, 5:22 PM
Saudi firm may initially focus on tech buys-finmin
DUBAI, May 6 (Reuters) - Saudi Arabia's planned investment
firm, which will have a capital of $5.33 billion, may initially
focus on investments in the technology sector, Saudi
finance minister told Al Arabiya television on Tuesday.
"The focus at the beginning may be on the technology
sectors, especially in the fields that could attract technology
to the kingdom in alliance with global companies," Ibrahim
al-Assaf said.
The focus would be on investments inside the world's largest
oil exporter, where opportunities abound, Assaf said, adding
foreign investment was not ruled out.
(Reporting by Ola Galal; Editing by Amran Abocar)
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