Saudi PIF-Owned Lucid Sees Record Deliveries with Strong EV Demand
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
Lucid Group has set up its first-ever car manufacturing plant in Saudi Arabia, where it will produce its groundbreaking cars for the local market and export them to other markets.…
Saudi Arabia has invested billions of dollars through Public Investment Fund (PIF) to transform its sports landscape. When the world footballing body Federation Internationale de Football Association (FIFA) officially named…
Lucid offered incentives to attract buyers away from less expensive hybrid cars, which were difficult to finance due to high loan rates. Electric carmaker Lucid posted a 58% increase in…
Sovereign Wealth Fund Institute placed Saudi Arabia’s PIF, which manages $925 billion, sixth in the world. Saudi Arabia’s Sovereign Wealth Funds (SWFs) dominate the global investment landscape as it expands…
PIF has assets worth over $700 billion and helps to achieve Saudi Arabia’s Vision 2030 economic diversification. Saudi Arabia’s Public Investment Fund (PIF) gave SR40 billion ($10.67 billion) investment through…
As one of the world’s largest state investors, the PIF’s financial performance offers a rare glimpse into the activities of a sovereign wealth fund that has undergone a transformation from…