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A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targeting the Middle East tech sector.
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"At the same event, Visa announced it would set up an innovation centre in Saudi Arabia some time in 2023. The PIF has become one of the world's most active sovereign wealth funds in recenty years as it looks to bolster its assets under management."
https://www.finextra.com/newsarticle/41221/saudi-wealth-fund-launches-24bn-tech-fund
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