Aramco Box is 5% in Japanese "Terra Dron"

The “Wasat Dents” fund of the daring capital of the Saudi Aramco business, 5.19% in the Japanese company “Terra Drone” to develop drones software, according to what the Japanese Ministry of Finance announced on Friday. The $ 500 million fund, at the beginning of this year, announced that it plans to invest $ 14 million in the Tokyo -based company and work in the design of software that helps drones to investigate and monitor tubes, cabinets, closed or other labia. The ‘promoters or ventures’ target technologies that are believed to participate in new activities in the Kingdom of Saudi Arabia, which seek to diversify its revenue sources from other activities other than oil. Last October, the fund announced the $ 100 million award to invest in emerging international businesses in artificial intelligence. Terra Dron was founded in 2016 and has two offices in Saudi Arabia and is active in more than 15 countries around the world.