Saudi Arabia highlights Vision 2030 to Silicon Valley
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman to meet Silicon Valley's technology experts
Saudi Arabia's Deputy Crown Prince Mohammed bin Salman is visiting the United States this week and after a series of meetings, he is now in San Francisco's Silicon Valley.
After meeting with US President Barack Obama, Defence Secretary Ashton Carter and Democratic and Republican senators, reports claim that the Deputy Crown Prince will now meet with technology giants to prompt Saudi Arabia's ties with Silicon Valley to create new projects.
According to Arab News, bin Salman is expected to highlight Saudi Arabia's Vision 2030 and how the Kingdom aspires to establish a society of IT experts by enlisting the help from US technology companies. The paper also highlighted that Saudi Arabia's finance minister Ibrahim Al Assaf is accompanying the Prince.
Earlier this month, Saudi Arabia announced its $3.5bn investment in technology start-up Uber, which sees Yasir Al Rumayya, managing director of the Saudi public investment fund, join Uber's board, providing a seat for the Middle Eastern government. The Saudi Arabian Public Investment Fund says that its investment in Uber is a step towards furthering the country's goal to diversify away from oil by 2030 and to incorporate more women in the workplace.
Deputy Crown Prince Mohammed bin Salman is expected to meet with UN Secretary-General Ban Ki-Moon during his stop in New York.
Silicon Valley is home to more than 120 top technology companies, such as Facebook, Google, Oracle and Apple, and also has an estimated value of $2.8tn.