Aramco, Alphabet to build tech. hub in Saudi| MENAFN.COM

Thursday, 18 August 2022 01:07 GMT

Aramco, Alphabet to build tech. hub in Saudi


(MENAFN) The Saudi Aramco and Google parent Alphabet Inc are holding talks to jointly build a technology hub in the Kingdom, reported the Wall Street Journal.

It is not clear specifically whose data the centers would house or who would control them, the WSJ said.

A joint venture between Alphabet and Aramco could help Saudi Aramco expand into the United States, a goal for the oil company.

The size of the potential venture is uncertain, although it could be big enough to become listed on Saudi Arabia's stock exchange, according to the Journal report.

It was unclear where Aramco would list its shares ahead of an initial public offering that could turn it into the world's largest publicly traded company.

MENAFN0302201800450000ID1096424755


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.