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Aramco expands global venture capital program with USD 4 billion funds injection

Aramco, Saudi Arabia’s state-owned petroleum and natural gas company, has allocated an additional USD 4 billion to its global venture capital arm, Aramco Ventures, which more than doubles funding to the venture capital. This move intends to finance the development of disruptive new technologies, create diversification opportunities for Aramco, and pave the way for collaborations with innovative start-ups.