Saudi Aramco is beefing up its global venture capital arm with a $4bn cash injection as part of a wider push to diversify the kingdom’s oil-dependent economy.
The extra money for Aramco Ventures will more than double its capital to $7bn from $3bn, the state-run company said in a statement on Wednesday.
The cash will be deployed over the next four years with spending on sectors such as new energies, chemicals, transition materials and digital technologies to protect the Saudi economy when oil demand eventually starts to decline.
您已阅读24%（532字），剩余76%（1711字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。