Silicon Valley's reticence over Khashoggi's murder puts focus on Saudi funding
The Saudi government currently has billions of dollars invested in Silicon Valley.


Washington Post contributor and Saudi dissident Jamal Khashoggi was kidnapped and brutally murdered following a visit to the Saudi embassy in Turkey. Image: Reuters[/caption]As pointed out by various reports, Saudi Arabia currently has its fingers deeply embedded in Silicon Valley. As The New York Times notes, the Public Investment Fund (PIF) in particular is responsible for fuelling some of Silicon Valley’s largest, most popular companies. Saudi-funded companies include Uber, Nvidia, WeWork, Tesla, Slack, among others. Much of this funding comes via Japan’s SoftBank, but SoftBank is, in turn, using funds from PIF.“Remarkably, the country has avoided pariah status in the United States thanks to our thirst for oil, Riyadh’s carefully cultivated ties with Washington, its big arms purchases, and the two countries’ shared interest in counterterrorism. But lately the Saudis have been growing their circle of American enablers, pouring billions into Silicon Valley technology companies,” says NYT.While there have been reports of investors and companies getting cold feet and now attempting to distance themselves from the Saudi investment, the fact remains that billions of dollars in Saudi money is now invested in Silicon Valley’s biggest companies. In the case of Uber, PIF managing director Yasir Al Rumayyan is on the board of directors, which is understandable, given PIF’s $3.5 bn investment in the company.

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