#BECO capital
The ride-hailing giant Uber managed to secure a $US 3.5 billion investment from the Saudi Arabian Public Investment Fund, marking its most significant investment to date. The public fund was established in 1971 and is aimed at providing financial support to productive commercial projects that are strategically significant to the development of the Saudi Arabian economy. The decision to invest in Uber, which has been operating in Saudi Arabia since 2014, marks the largest single investment ever in a private…
