Saudi-backed Vision Fund invests $1.1bn in ‘dynamic glass’ firm View

The tint of View’s ‘dynamic glass’ product can be automatically altered — helping minimize glare and reduce energy consumption by up to 20 percent. (Courtesy View)
Updated 02 November 2018
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Saudi-backed Vision Fund invests $1.1bn in ‘dynamic glass’ firm View

  • View CEO Dr. Rao Mulpuri: We are excited to have this strong endorsement of our vision from SoftBank
  • Dr. Rao Mulpuri: This investment enables us to scale our business to meet rapidly growing demand

JEDDAH: The Saudi Arabia-backed SoftBank Vision Fund has invested $1.1 billion in View, a company that makes Internet-connected windowpanes.

The tint of the company’s “dynamic glass” product can be automatically altered — helping minimize glare and reduce energy consumption by up to 20 percent, it says

“We are excited to have this strong endorsement of our vision from SoftBank,” said Dr. Rao Mulpuri, CEO of View, in a statement.

“This investment enables us to scale our business to meet rapidly growing demand, and further expand our mission: Creating delightful human environments that are more intelligent, more connected and more personalized than ever before.”

 

Tom Cheung, partner at SoftBank Investment Advisers, said that View had “created an entire new market category that makes buildings healthier and smarter.”

View’s dynamic glass is installed in 35 million square feet of buildings and is growing “rapidly,” the company said.

The Vision Fund — which has also invested in companies like Uber Technologies and WeWork — has earmarked nearly $100 billion in capital for promising technology companies. Saudi Arabia has contributed $45 billion to the fund.

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$100 billion — has been earmarked by the Vision Fund for investment in promising technology companies.


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.