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Asia

Why Saudi Arabia’s Gulf Rivals Will Launch a Mega Fund

SoftBank founder Masayoshi Son created the $100 billion Vision Fund by tapping Middle Eastern petrodollars from Saudi Arabia and the United Arab Emirates. But the Saudis aren’t the only ones with cash and a burning need to diversify their investments to make up for falling oil prices. I predict that in 2018, another coalition of oil-rich Gulf states will launch their own tech-focused mega fund.

One obvious candidate to anchor this rival fund is Qatar.

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