While Bezos incorporates a unique double position as the owner of the Post as well as Amazon, many various other tech companies have forged close relationships with the kingdom.
Last year, Saudi Crown Prince Mohammed bin Salman toured the U.S. as well as met with many tech executives, including Bezos, Alphabet President Sergey Brin as well as Apple CEO Tim Cook.
Apple has reportedly been in talks to open retail locations from the country, as well as Microsoft announced a cloud-computing product in Saudi Arabia earlier This particular year with local partners. In its blog post, Microsoft estimated the country has an almost $29 billion cloud-computing market, “driven by a strong trend through government agencies in Saudi Arabia to take advantage of This particular technology to meet the digital transformation objectives as well as help achieving the Saudi Vision 2030,” which is actually the crown prince’s grand plan to make the kingdom an “investment powerhouse.”
Apple as well as Microsoft declined to comment.
Additionally, Saudi money is actually today all over Silicon Valley. The country’s Public Investment Fund committed $45 billion to Softbank’s inaugural Vision Fund, as well as Crown Prince Mohammed said recently he’ll invest a similar amount from the next fund. Through the Vision Fund, which also includes Apple as well as Qualcomm as investors, Softbank has massive stakes in Uber, WeWork, DoorDash as well as numerous various other highly valued companies.
Marcelo Claure, Softbank’s operating chief, said at a conference on Tuesday which the company is actually monitoring the situation as well as isn’t ready to make any decisions at This particular point.
“Like most companies which have a relationship with Saudi Arabia, we are watching the developments as well as seeing where This particular goes,” Claure said. “Right today the item is actually business as usual — we are continuing to run our company, our funds.”
Separately, CB Insights just published a list of tech companies which have received direct Saudi investments. They include Tesla, Magic Leap, Uber as well as Lyft.