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Huge amounts of money behind the Trump deal mostly Saudi technological ..


Huge amounts of money behind the Trump deal mostly Saudi technological ..






Dubai, United Arab Emirates (CNN) - sees US President-elect, Donald Trump, the credit goes to him in America, a deal with a huge Japanese technology company to invest $ 50 billion in the United States.

He pledged Masayoshi Son, the billionaire founder and CEO of the company "Softbank" (SFTBF), Tuesday, invested a huge sum in a market in the US start-up companies. But this is only part of the story.

It, in fact, it is likely that a large part of the cash will come from the Saudi government.













As Wilson said, in an interview with the newspaper "The Wall Street Journal," The investment is a source of cash fund of 100 billion dollars launched "Softbank" in October / last October in partnership with the Kingdom of Saudi Arabia.

And the IMF so, who nicknamed "Softbank Vision", is part of the Saudi plan to reduce economic dependence on oil. The Japanese company officials declined to comment, as comments from the Saudi side is not available until the moment of preparing this report. Nevertheless, the basic structure of the Fund and a clear criticism.

Saudi Arabia has the largest share










The company has pledged to "Softbank" $ 25 billion over the next five years. Saudi Arabia is planning to contribute with 45 billion dollars during the same period of public investment fund.

Public Investment Fund was established in 1971. Its main purpose is to manage the Saudi government's investments in companies inside and outside the state. Crown Crown Prince Mohammed bin Salman, who heads the Public Investment Fund since March / March 2015, the review of the investment strategy to support the diversification away from oil.
Huge amounts of money behind the Trump deal mostly Saudi technological .. Huge amounts of money behind the Trump deal mostly Saudi technological .. Reviewed by Unknown on 07:15 Rating: 5

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