Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

Saudi Aramco, Saudi Information Technology Company to form venture to invest in tech sector

DUBAI (Reuters) - Saudi Aramco and the Saudi Information Technology Company signed an agreement to set up a joint venture firm that will develop a platform to invest in high potential growth companies in the information, communication, and technology sector, Aramco said on Tuesday.

The target market for the firm will be Saudi Arabia and the GCC countries, the statement said.

(Reporting by Hadeel Al Sayegh; Editing by Adrian Croft)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Dec 19, 2018 01:05 AM

Also See