Friday, April 13, 2018

Saudi Crown Prince woos Amazon, Lockheed and others to build a tech hub

Saudi Crown Prince Mohammad bin Salman Simply capped off a three-week tour across America. His Vision 2030 aim will be to diversify Saudi Arabia’s oil-based economy and transform the kingdom into a tech and logistics hub in the Middle East.

In the detention of all princes at a five-star hotel, to strategies for a grand tech community in the town, it seems every piece of information that comes out of this kingdom recently has some company value. Much of it’s splashy and designed for media focus, however behind the scenes, most serious developments are under way to produce a more favorable business environment for international investors and businesses.

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