Saudi Aramco to Inject $4Bln Into Venture Capital Arm

Saudi Aramco will double funding to its global ventures company, Aramco Ventures, leading to a total investment of $7 billion. The additional $4 billion in funds will be distributed over the next four years, and will focus on start-up investments in Saudi Arabia. Aramco Ventures will enable the development of disruptive new technologies and diversify the opportunities for Aramco.