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  1. Saudi Arabia ‘On Its Way to Become a Nuclear Power’
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  1. Saudi Arabia ‘On Its Way to Become a Nuclear Power’
  2. Donal Bradley from Oxford to Join KAUST Leadership Team
  3. CEO of Saudi Arabia’s Newest Technology Investment Fund STV Shoots for the Moon
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CEO of Saudi Arabia’s Newest Technology Investment Fund STV Shoots for the Moon

By newsonline - Sabtu, 05 Januari 2019

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"We pursue the moonshots,” said Abdulrahman Tarabzouni, but he was not taking about the space industry.

Tarabzouni is the youthful chief executive and managing director of Saudi Arabia’s newest technology investment fund, STV. It began operations just over a year ago, independently managed but backed by the Kingdom’s communications giant Saudi Telecom, aiming to exploit opportunities in the technology sector, which has been identified as core to the Vision 2030 economic development strategy.

STV is looking for world-changing investment opportunities. “As venture capitalists, we are seeking ideas that improve things by a factor of 100, not by a factor of 10. I think that’s the same spirit that we see nowadays in Saudi Arabia from the top down,” he explained.

Tarabzouni typifies the new generation of Saudi business leaders who are leading the top-down transformation of the country and its economy, and the journey away from oil dependency. (more)

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