meta content='PcpJKOmoday5SZ2ES5Jk' name='bulletprofit'/> Ayyobpatel.bloggr.com: The future of transportation is being underwritten by Saudi Arabia

Followers

The future of transportation is being underwritten by Saudi Arabia

Some of the world’s most ambitious transportation projects are currently propped up by billions of dollars from Saudi Arabia, an authoritarian regime that is facing new scrutiny following its alleged role in the brutal killing of Washington Post journalist Jamal Khashoggi. Billions more have come from SoftBank’s Vision Fund, the Japanese tech conglomerate’s $100 billion investment arm, of which Saudi Arabia has contributed $45 billion.

A few of these companies, and some of their executives, have made nominal moves to distance themselves from Saudi Arabia in recent days, like pulling out of the country’s upcoming Future Investment Initiative conference. Others, like Lucid Motors, an electric car startup that just received a much-needed $1...

Continue reading…



from The Verge - All Posts https://ift.tt/2EB6G5f

No comments:

Post a Comment

Please let me know