“For years, Saudi Arabia has been the region’s largest economy, boasting consumers of the highest purchasing power and a young tech-savvy population; but recent developments make this an especially opportune time to move into the Saudi tech scene. If you’re looking for the emerging hub of digital innovation and entrepreneurship in the MENA region today, you’ll find it in Saudi Arabia.”
Via Davide Barbuscia and Marwa Rashad in reuters.com : “The proceeds will be used largely, maybe not totally, in the local economy, in projects where the PIF will be the first mover which then basically pulls more private sector participation … so the money will remain in the system mostly,” Finance Minister Mohammed al-Jadaan told Reuters.
Via Aya Batrawy in stripes.com: King Salman, who greeted Gulf leaders as they arrived for the summit, was shown sharing a traditional coffee with Qatari Prime Minister Sheikh Abdullah bin Nasser Al Thani minutes before the meeting began.
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