Saudi Prince Alwaleed bin Talal seems to have a special attraction to the kind of application-based transportation services Uber. But interest among the richest men in the Middle East was not to Uber, but its strongest competitor is Lyft.
As quoted by The Wall Street Journal, the prince reportedly has invested USD 104.9 million to Lyft. Through these funds, he is now officially mastered Lyft shareholding to 2.3 percent.
Fact interestingly, Lyft popularity in the region of Saudi Arabia while arguably still lags far with Uber. And so far, it is still not known for certain why the prince chose to invest his money in Lyft.
For additional information, Lyft company valuations for the last time they were on the point of USD 4.9 billion. That number is very far behind with Uber value valuation of USD 64.6 billion.
Name Al-Waleed bin Talal itself actually is not a new name in the world of technology investors. Previously, he was reported to have also invested in the giant companies such as Apple, Twitter, News Corp., to The Wall Street Journal.