Saudi fund and SoftBank in robotics initiative

RobotThe Public Investment Fund, a Saudi Arabian sovereign wealth fund, and Japan's SoftBank are setting up a joint platform to promote robotics. The two organisations say they will collaborate with global institutions to measure productivity and investment returns in the sector, according to a statement published by the Saudi Press Agency. “Technology forms an integral part of achieving Saudi Arabia’s Vision 2030, and this project reflects the kingdom’s ambition to play an important role in helping to shape the future of the robotics sector,” said Mohammad bin Salman Al-Saud, the crown prince who is generally credited as the architect of the Vision 2030 plan. In October 2016, the Public Investment Fund revealed it would back a global technology investment fund set up by SoftBank that has also attracted investment from Abu Dhabi's Mubadala fund. Worldwide spending on robotics and related services will more than double to an estimated $188 billion by 2020, according to the statement. ©2017 funds global mena

Executive Interviews

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

We’ll launch our first equity fund next year

Dec 08, 2016

Not many banks plant olive trees, but the Bank of Palestine has a social mission. It also has ambitious expansion plans, says chairman Hashim Shawa. He talks to George Mitton.



Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.

ROUNDTABLE: Growing pains

Mar 08, 2017

Our panel in Qatar spoke about frustration with regulators, a shortage of listed companies and plans for a new financial city in Doha. Chaired by George Mitton.