JAKARTA -- Saudi Arabia has pledged to back later-stage startups in Indonesia through a proposed joint fund with Indonesia-focused venture capital firms as part of the kingdom's digital push toward a post-oil economy.
Middle Eastern kingdom is pushing toward a post-oil economy

Saudi Arabia plans to back later-stage startups in Indonesia through a proposed joint fund. (Source image by AP/Reuters)
JAKARTA -- Saudi Arabia has pledged to back later-stage startups in Indonesia through a proposed joint fund with Indonesia-focused venture capital firms as part of the kingdom's digital push toward a post-oil economy.