As the ancient saying goes pecunia non olet! Arabs know a good business deal when they see it.
The article is actually mostly about Silicon Valley and tech investments.
"Last week Sanabil, the private investment arm of Saudi Arabia's Public Investment Fund (PIF), one of the world's largest sovereign wealth funds with estimated assets of $620 billion, disclosed its allocations to some 60 venture, growth, buyout and other funds globally. These investments include Insight Partners, Coatue, General Atlantic, Collaborative, Stripes and KKR, which have invested extensively in Israeli startups and in some cases have representatives that sit on the board of directors of these Israeli tech companies. ..."
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