The plan to build the world’s largest solar power project will create the capacity to generate up to 200 gigawatts (GW) by 2030, with enough capacity to power 140 million homes.
Masayoshi Son
Future Investment Initiative
Saudi Arabia said to scrap $200bn solar generation project
A report in US media said that Saudi officials are expected to unveil a broader renewable energy strategy later this month
Abu Dhabi
SoftBank-backed vertical farm set to open Abu Dhabi
Plenty plans to start selling locally grown produce, including kale and other leafy greens, to communities in Abu Dhabi and Dubai early next year
Japanese entrepreneur
SoftBank profit jumps on boost from ARM, Vision Fund gains
SoftBank formed the Vision Fund last year, raising almost $100 billion from big backers including Saudi Arabia, Abu Dhabi and Apple
Abu Dhabi
SoftBank to hire Deutsche Bank’s Saudi Arabia head – report
Saudi Arabia’s Public Investment has a $45 billion stake in the SoftBank-managed Vision Fund.
Cadre
Jared Kushner’s real-estate tech firm Cadre fails to win backing from SoftBank
SoftBank Group, derives much of its $100 billion war chest – one of the biggest in the world – from Saudi Arabia and the UAE
Faisal Rahman
SoftBank Vision Fund said to hire Deutsche Bank’s Rahman for MidEast
Faisal Rahman will help manage relations with the Vision Fund’s key backers, Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala Investment Co.
Japanese entrepreneur
A $200bn question: can tech swallow another Son mega fund?
For the first Vision Fund, most contributions came from sovereign wealth funds in Saudi Arabia and the UAE
Masayoshi Son
SoftBank said to plan second $100bn tech fund
Planned fund would likely draw a wider pool of investors than the first one, in which most of the contributions came from sovereign wealth funds in Saudi Arabia and the UAE
Electricity
Saudi’s $200bn solar park to include largest utility-scale battery ever made
Project is 100 times larger than any other proposed in the world
Crown Prince Mohammed bin Salman
Saudi Arabia, Softbank, sign $200bn deal to build world’s largest solar park
Project will create as many as 100,000 jobs and shave $40 billion off power costs, according to SoftBank founder Masayoshi Son
Anti-corruption
Saudi purge could mean more SoftBank investments
Saudi purge could mean more SoftBank investments
Khaldoon Al Mubarak
Mubadala seeks additional tech investment in Softbank Vision Fund
CEO Khaldoon Al Mubarak says Mubadala is looking into AI, ride-sharing and virtual reality investments
Crown Prince Mohammed bin Salman
SoftBank planning up to $25bn in Saudi investments
SoftBank will deploy $15 billion in the new Saudi city called Neom, and $10bn in state-controlled Saudi Electricity Co, according to sources