SAUDI ARA­BIA FEELS THE HEAT

Business Today - - GLOBAL BUSINESS -

Af­ter the killing of jour­nal­ist Ja­mal Khashoggi, global busi­ness lead­ers dis­tanced them­selves from Saudi Ara­bia’s flag­ship in­vest­ment ini­tia­tive Davos in the Desert. SoftBank’s Masayoshi Son went there to meet se­nior of­fi­cials, but he also can­celled a speak­ing en­gage­ment. Son’s $100 bil­lion Vi­sion Fund I raised $45 bil­lion from the Saudi Sov­er­eign Wealth Fund, but a sim­i­lar in­vest­ment into its sec­ond fund may not be hap­pen­ing.

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